PSAR Scanner Dashboard for MT4:
(Multi-timeframe and Multi-currency)
Parabolic SAR (Cease and Launch) Indicator is principally for analyzing the trending markets.
And this dashboard will search for the change and likewise different methods.
Options:
Scan for PSAR Swap Present what number of bars again the change occurred Verify ADX line is between min and max vary specified Verify -DI > +DI for SELL And +DI > -DI for BUY Verify Increased Timeframe PSAR Alignment Verify if Transferring Averages are stacked in an up/down pattern
Settings:
Frequent Scanner Settings:
Abiroid Scanner Dashboard Frequent Settings
Scanner Particular Settings:
PSAR Settings:
Step and Max will calculate the P-SAR values. And scanner will present what number of bars again a change had occurred.
Be aware: All different situations will solely be matched in route of ongoing PSAR. If route shouldn’t be aligned, then image will likely be gray.
When the change occurs, it’s going to present that bar quantity in brackets. So, you possibly can see what number of bars again, the final change occurred.
ADX Settings:
The first image which is a small dot exhibits ADX.
Inexperienced dot: exhibits all ADX situations match for Up Pattern. Whereas Pink dot exhibits a match for Down Pattern
Gray signifies that ADX shouldn’t be aligned in route of present PSAR.
Situation 1: ADX is between Min and Max Stage values.
Situation 2: For BUY: +DI > -DI and For SELL: -DI > +DI
Transferring Common Stack Settings:
You possibly can specify MA interval separated by commas.
You should utilize this free indicator to identify MA Stacks:
https://www.mql5.com/en/market/product/69539
If Quicker MA (smallest interval) is above slower MAs and all MAs are stacked on this approach, then it signifies an Up Pattern.
The circle formed like a doughnut 🙂
It signifies if MA Pattern is aligned with PSAR route. Gray signifies that alignment has not but occurred.
Be aware: If PSAR is in an up pattern, and MA is in a down pattern, even then MA image will likely be gray. And never pink.
That is to keep away from confusion that too many alternative shade symbols will carry.
Increased Timeframe PSAR Align Settings:
You possibly can specify variety of HTF to verify. Suppose present TF is M15 and num is 2.
Then it’s going to verify of M30 and H1 each have PSAR aligned in identical route.
If alignment is there, then the slanting arrow will likely be proven in that route.
Or else it will likely be gray.
Finest Method To Use:
Default settings is usually a bit restrictive, as a result of ADX ranges are set at a really small hole 20-25.
That is good for stronger indicators. However for fast scalping, you should utilize an even bigger ADX stage hole like 20-30
This may give extra indicators. Make sure that to solely commerce in route of upper ongoing tendencies.
Methods:
Changelog:
v1.0 Base model
v1.1 Added Gray Arrows for HTF PSAR not but aligned
For consistency the HTF arrows won’t be hidden