The Parabolic SAR (Stop And Reverse) technical indicator is a study for analyzing trending markets.
When the price is in an uptrend, the SAR appears below the price and converges upwards towards it. Similarly, on a downtrend, the SAR appears above the price and converges downwards.
If the price crosses Parabolic SAR lines, the indicator switches so that its further values are located on the other side of the price. When such an indicator switch occurs, the maximum or the minimum price for the previous period would serve as the starting point. When the indicator switches, it indicates a the trend end (correction stage or flattening) or the trend reversal.
With this MTF version Parabolic SAR, you can apply any time frame of Parabolic SAR to your current chart.
As long as the selected time frame is greater than the current time frame.
You can have 30 minutes or 60 minutes Parabolic SAR on a 5 minutes chart, or having weekly Parabolic SAR on Daily chart
Input Parameters
acceleration factor: The initial value of the acceleration factor.
acceleration limit: The maximum value of the acceleration factor.
Get it now: http://www.patternsmart.com/cart/index.php?route=product/product&path=73&product_id=300&limit=100
          All time frames: |
How many different time frames can you use at the same time
Hi
That’s a really good question, actually, you can use as many as you want.
Just load 4 times of the indicator for 4 MTF, or load 9 times of the indicator for 9 MTF.
Can this be adapted to be used as a study in thinkorswim’s “scan” feature. For instance, i’d like to be able scan my watchlist for MTF PSAR direction changes according to my chosen variable values (ie, timeframe, acceleration factor, and acceleration limit).
In TOS scan, Secondary period is not allowed within the same filter.
You can use more than one filter to get MTF scan.