Parabolic SAR of MA MTF Indicator
Platform: MT4 Type: Trend Last update: September 28, 2024The Parabolic SAR of MA MTF Indicator for MT4 is, as the name suggests, an forex indicator that combines Parabolic SAR and Moving Average. Such a mix of the two most popular forex trend indicators results in giving the best entry signals at the points of a trend change. Additionally, it is an MTF indicator (multi time frame) so you can choose the time frame of provided signals.
Trading with the parabolic sar of ma
The Parabolic SAR of MA MTF Indicator gives very good signals, but also quite a lot of them. To reduce noise, we suggest adding a trend filter. In this case, we used 200-period Exponential Moving Average to define the direction of the overall trend. Then take only signals from the Parabolic SAR of MA MTF Indicator in the direction of main trend.
Buy Signal
Follow these steps for a long trade:
- Price is located above the moving average
- Parabolic SAR of MA MTF indicator provides green dot
- Wait for the candle with dot to close
- Buy trade is triggered after the above conditions are met
- Set stop loss a few pips below the last swing low of the market
- Take profit or exit trade whenever the No Parabolic SAR of MA MTF indicator provides opposite signal or use your own method of trade exit
Sell Signal
Follow these steps for a short trade:
- Price is located below the moving average
- Parabolic SAR of MA MTF indicator provides red dot
- Wait for the candle with dot to close
- Sell trade is triggered after the above conditions are met
- Set stop loss a few pips above the last swing high of the market
- Take profit or exit trade whenever the No Parabolic SAR of MA MTF indicator provides opposite signal or use your own method of trade exit
