Parabolic SAR Color Alert Indicator for MT4 Download – Free – [TradingFinder]

The Parabolic SAR Color Alert Indicator uses colored dots to display the market trend direction. In this trading tool, colored dots appear above or below the candles to indicate the direction of price movement.

Accordingly, blue dots placed below the candles indicate an upward trend, while pink dots above the candles indicate a downward trend.

Table of Specifications for the Parabolic SAR Color Alert Indicator

Specifications of the Parabolic SAR Color Alert Indicator are shown in the table below:

Parabolic SAR Color Alert Indicator at a Glance

Color changes of the dots occur immediately upon detecting a trend change, which makes receiving reversal signals clearer.

Additionally, the Parabolic SAR Color Alert Indicator issues alerts instantly upon trend change through various methods such as email and notifications.

Buy Trade Setup

Based on the Binance Coin (BNB) cryptocurrency chart in the 1-hour timeframe, the trend of pink dots was broken and moved upward.

After that, the consecutive formation of blue dots shows the continuation of the upward trend.

Sell Trade Setup

According to the 1-hour chart of USD/CAD, after an upward movement, the price broke through the sequence of blue dots from below.

In this case, the consecutive formation of pink dots indicates the persistence and continuation of the downward trend.

Parabolic SAR Color Alert Indicator Settings

The settings of the Parabolic SAR Color Alert Indicator are as follows:

• Step: Movement step of the indicator in calculating new dots
• Maximum: Maximum allowable value for the indicator’s acceleration
• Precision: Number of decimal places for displaying numbers
• ALERT: Sound alert status when the trend changes
• EMAIL: Email sending status upon signal issuance
• NOTIFICATION: Notification reception status
• MESSAGE_TIMEOUT: Time interval between alerts in seconds
• MESSAGE_SUBJECT: Alert message title shown in the alert window or email

Conclusion

The Parabolic SAR Color Alert Indicator is designed to identify trend direction and potential price reversal points. This trading tool, using colored dots and an alert system, makes market analysis faster and more accurate.

Also, customizable settings such as movement step, display precision, sound alert, email, and notifications make this indicator a flexible choice for various trading strategies.