This guide shows you how to set up the parabolic SAR in. To learn about the parabolic SAR and setting please see:
After reading this tutorial, you should be able to:
If you don't know how to open a chart, please see:
Add a parabolic SAR and set the parameters of this indicator
number_1 Click Insert and move your mouse over Indicators and Trend
number_2 Click Parabolic SAR
Setting the common parameters
After you have completed the step above, the settings menu appears.
Mostcan be controlled by several common parameters.
There are two types of parameters:
- Calculations of the indicator: e.g. the amount of periods used for the parabolic SAR (you do not need to worry too much about this in the beginning)
- Visuals of an indicator: e.g. how it will look, the colour and thickness of the lines, etc.
|Step:||Defines the sensitivity of the parabolic SAR indicator. In detail, the Step parameter is a multiplier which controls the rate of change in parabolic SAR values. (Higher step values → closer to the price and more reversals)|
|Maximum:||The rate of change increases while a price is trending controlled by the Step parameter. The Maximum parameter then defines the highest possible rate of change applied to the parabolic SAR value.|
|Style:||Controls the visual representation with different types of lines and colours.|
Changing parameters at a later time
To change the settings of the indicator directly on theat a later date:
number_1 Right-click the parabolic SAR (you will have to be exact on the line of the indicator to get the menu seen below)
number_2 Choose SAR Properties
The parameter menu appears again where you can change the indicator.Back to top
Deleting an indicator
To delete the parabolic SAR:
number_1 Right-click the indicator that you want to delete (you will have to be exact on the line of the indicator to get the menu shown below)
number_2 Click Delete Indicator
The parabolic SAR disappears from your chart.Back to top
You can find help using MetaTrader 4 in our trading software forum:
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