Introduction to the C-Parabolic Sar Indicator
The C-Parabolic Sar Indicator is an variation of the standard Parabolic Sar indicator. The difference between these two gauges is in the color of dots. In the case of the C-Parabolic Sar indicator, the dots are getting brighter along with ongoing price movement. As a general rule, when the dots get bright, you can expect the movement to end.
The C-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.
Example trade with the C-Parabolic Sar Indicator
Below is the screenshot of an example trade with the C-Parabolic Sar Indicator.
We used the C-Parabolic Sar indicator in conjunction with the 200-period EMA to define the overall trend. As you can see on the chart above, the dots below trade triggering candles were dark. The price made pretty decent upward movement, and dots got almost white at the end of that spike.
How to set up the C-Parabolic Sar indicator in MetaTrader (MT5)?
Download the C-Parabolic Sar.rar archive at the bottom of this post, unpack it, then copy and paste the C-Parabolic Sar.ex5 or C-Parabolic Sar.mq5 indicator files into the MQL5 folder of the Metatrader 5 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL5 > Indicators (paste here).
Now go to the left side of your MT5 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
The C-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 indicators to try.
Download Free Forex MT5 C-Parabolic Sar Indicator
To download the C-Parabolic Sar Indicator for Metatrader 5 (MT5) for free just click the button below: