Parabolic SAR Color Alert Indicator for MT5 Download – Free – [TradingFinder]

The Parabolic SAR Color Alert Indicator is a tool for clearly displaying market movement direction, using colored dots to indicate the trend direction.

In this trading tool, colored dots appear above or below candles depending on the trend condition. The placement of blue dots below candles shows upward price movement, and in contrast, the formation of blue dots above candles indicates a downward trend.

Table of Specifications for the Parabolic SAR Color Alert Indicator

The table below contains the specifications of the Parabolic SAR Color Alert Indicator:

Parabolic SAR Color Alert Indicator at a Glance

Upon detecting a trend change, the position of the dots changes quickly, making the price reversal signal clearer.

Additionally, the Parabolic SAR Color Alert Indicator is equipped with automatic alerts that notify the user of a market direction change via methods such as email or notification.

Buy Trade Setup

According to the Ethereum (ETH) cryptocurrency chart, the price broke the blue dots upward, and after that, dots formed below the candles.

In such a situation, the consecutive formation of dots below the price confirms the continuation of the uptrend.

Sell Trade Setup

According to the USD/CHF currency pair chart, the price moved downward, and blue dots formed above the candles. As long as the blue dots appear above the candles, selling pressure will dominate.

Parabolic SAR Color Alert Indicator Settings

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

SAR

• SAR price increment step – acceleration: step size of acceleration in Parabolic SAR calculation
• SAR maximum value of step: maximum step value of acceleration in Parabolic SAR

Alert

• Sound Name: alert sound file
• Repetitions: number of times to repeat the sound alert
• Pause, in seconds: time interval between alert repetitions in seconds
• Alert: alert activation status
• Send mail: email alert status
• Send notification: notification activation status

Conclusion

The Parabolic SAR Color Alert Indicator is designed to detect trend direction and potential price reversal areas. This analytical tool, using colored dots and alert capability, makes trend analysis easier.

The ability to adjust parameters such as step size, precision level, sound alerts, email sending, etc., makes this indicator a flexible and adaptable tool for various trading strategies.