Introduction to the 4 Time Frames Parabolic SAR Indicator
The 4 Time Frames Parabolic SAR Indicator shows the signals provided by the Parabolic Sar for four different timeframes. By default, it shows the current time frame and three larger (for example: H1, H4, D1, and W1). Green values indicate bullish Parabolic Sar (dots below the price), and conversely, pink values reflect bearish Parabolic Sar (dots above the price).
The 4 Time Frames Parabolic SAR Indicator fits all kinds of timeframes and currency pairs. It is displayed directly on the main trading chart. The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
How to set up the 4 Time Frames Parabolic SAR indicator in MetaTrader (MT4)?
Download the 4 Time Frames Parabolic SAR.rar archive at the bottom of this post, unpack it, then copy and paste the 4 Time Frames Parabolic SAR.ex4 or 4 Time Frames Parabolic SAR.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
The 4 Time Frames Parabolic SAR indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it. Don’t forget that we still have more great free forex MT4 indicators to download and try.
Download Free Forex MT4 4 Time Frames Parabolic SAR Indicator
To download the 4 Time Frames Parabolic SAR Indicator for Metatrader 4 (MT4) for free just click the button below: