Parabolic SAR Deviation [BigBeluga]

15 mar

Parabolic SAR + Deviation [BigBeluga] is an enhanced Parabolic SAR indicator designed to detect trends while incorporating deviation levels and trend change markers for added depth in analyzing price movements.

🔵Key Features:

> Parabolic SAR with Optimized Settings:

• Built on the classic Parabolic SAR, this version uses predefined default settings to enhance its ability to detect and confirm trends.
  
• Clear trend direction is indicated by smooth trend lines, allowing traders to easily visualize market movements.
  
• Trend Change Markers:
• When a trend change occurs based on the SAR, the indicator plots a triangle at the trend change point.
  
• The triangle is accompanied by the price value of the trend change, allowing traders to identify key reversal points instantly.
  > Deviation Levels:
• Four deviation levels are automatically plotted when a trend change occurs (up or down).
  
• Uptrend: Deviation levels are positioned above the entry point.
  
• Downtrend: Deviation levels are positioned below the entry point.
  
• Levels are labeled with numbers 1 to 4, representing increasing degrees of deviation.
  
  > Dynamic Level Updates:
• When the price crosses a deviation level, the level becomes dashed and its label changes to display the volume at the breakout point.
  
• This volume information helps traders assess the strength of the breakout and the potential for trend continuation or reversal.
  
  > Volume Analysis at Breakpoints:
• The volume displayed at crossed deviation levels provides insight into the strength of the price movement.
  
• High volume at a breakout may indicate strong momentum, while low volume could signal potential exhaustion or a false breakout.
  

🔵Usage:

• Identify Trends: Use the trend change triangles and smooth SAR trend lines to confirm whether the market is trending up or down.
  
• Analyze Deviation Levels: Monitor deviation levels **1–4** to identify potential breakout points and assess the degree of price deviation from the entry point.
  
• Observe Trend Change Points: Utilize the triangles and price labels to quickly spot significant trend changes.
  
• Volume Insights: Evaluate the volume displayed at crossed levels to determine the strength of the breakout and assess the likelihood of trend continuation or reversal.
  
• Risk Management: Use deviation levels as potential stop-loss or take-profit zones, depending on the strength of the trend and volume conditions.
  

Parabolic SAR + Deviation [BigBeluga] is an essential tool for traders seeking a straightforward yet powerful method to identify trends, analyze price deviations, and gain insights into volume dynamics at critical breakout and trend change levels.

16 mar

Informacje o Wersji

- Bug fix of lines and labels arrays