Parabolic SAR Indicator Color - Alert: color modification of Parabolic with Alert

indicator Parabolic SAR Color - Alert is a modification of one of the main and most popular standard trend indicators Parabolic SAR.

Parabolic SAR Color - Alert indicator, like the original Parabolic, is designed to determine the trend and the moment to close positions during market reversal.

Unlike the standard Parabolic, the points of the Parabolic SAR Color - Alert indicator change their color depending on their position relative to the price. Additionally, when the position of the points changes (color change), a window with a text message about the change of price direction is displayed.

Note that the Parabolic SAR Color - Alert trend indicator has by default different step and maximum parameters from the classic indicator, which helps to eliminate lagging.

According to ForTrader.org experts, Parabolic SAR Color - Alert indicatorWhen used in trend trading strategies instead of the standard Parabolic, it can affect their efficiency for the better.

Download Parabolic SAR Color - Alert indicator

Other modifications of the Parabolic indicator