Parabolic SAR and MA of RSI and MACD in one
Posted: Wed Apr 25, 2018 4:09 amHI Guys
This oscillator merges MA of RSI and parabolic SAR based on MACD values.It was published by mrtools. You might find it very useful. Compare standard parabolic SAR in meta trader 4 (lime green arrows on the chart) with this oscillator in the screenshot below and you'll see it is smoother and it seems likely to identify better significant price breaks. You will also have histogram that shows price bias and to assist with making trading decisions based on alignment.
So, is it traders friendly? - decide for yourselves.
On a separate note, may I ask you Apprentice to convert this oscillator into lua, please.
Kind regards
Bart
This oscillator merges MA of RSI and parabolic SAR based on MACD values.It was published by mrtools. You might find it very useful. Compare standard parabolic SAR in meta trader 4 (lime green arrows on the chart) with this oscillator in the screenshot below and you'll see it is smoother and it seems likely to identify better significant price breaks. You will also have histogram that shows price bias and to assist with making trading decisions based on alignment.
So, is it traders friendly? - decide for yourselves.
On a separate note, may I ask you Apprentice to convert this oscillator into lua, please.
Kind regards
Bart