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Parabolic SAR AFL: Attractive Buy Sell Signal AFL for Amibroker

PARABOLIC SAR BUY SELL SIGNAL AFL

Parabolic SAR AFL – parabolic stop and reverse measure the potential reversals in the market price direction of traded goods such as stock or currency exchanges like forex. Parabolic SAR Indicator AFL is a trend-following (lagging) indicator. This AFL may used to set a trailing stop loss or determine entry or exit points based on prices tending. Stay trade within a parabolic curve during a strong trend.

In technical analysis, parabolic SAR (parabolic stop and reverse) is a method devised by J. Welles Wilder, Jr. The theory’s concept of time decay, the concept draws on the idea that “time is the enemy”. Unless a security can continue to generate more profits over time, it should be liquidated. The indicator generally works only in trending markets, and creates “whipsaws” during ranging or, sideways phases.

Therefore, Wilder recommends first establishing the direction or change in direction of the trend through the use of parabolic SAR, and then using a different indicator such as the Average Directional Index to determine the strength of the trend.

In figure Parabolic SAR Buy Sell Signal afl clearly show us the major point of buy or sell signal. If you watch below figure, its clearly shows price movement whether it’s downside or upside. Also this afl has a power tools. Three color are used in candle. Green color means upside and downside color is red. Another color is mention by white color which measure it’s sideways movement.


Image of Best Parabolic SAR AFL [amibroker formula language].
Parabolic SAR AFL

In image We can watch that there are three major color like green, red and white in candle chart. Which is mention it’s price movement. By dotted it mention original Parabolic SAR line. When trends are finish its touch line upper side or downside than parabolic SAR Dot line also be notice. 


 

Parabolic SAR Indicator AFL CODE

 

How to Use AFL for Amibroker 

  • Download Amibroker AFL File.
  • Now copy the afl file and paste it to \Program Files\AmiBroker\Formulas\Custom. [For 32 bit]
  • Have you 64 bit operating system? Than paste it to :  \Program Files(x86)\AmiBroker\Formulas\Custom.
  • Go to formula section of Amibroker and you will get the afl in Custom folder.

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