Trading indicators have long become reliable helpers to traders. This article presents seven popular indicators that help define the trend direction and find good entry signals.
In this article, we will review a trading strategy based on two Exponential moving averages (EMA) and such indicators as RSI and Parabolic. This strategy helps to find entry points in the direction of the active trend after corrections.
Today, we will get acquainted with a trading algorithm based on Parabolic SAR but with a simpler system. The Parabolic expert advisor is a simple robot that makes trades only by the signals of the Parabolic indicator.
Today, we will speak about a trading strategy called Parabolic SAR & Awesome. It is not widespread in financial markets including Forex.
The author of the Parabolic Sar is J. Welles Wilder. He first used it in 1976. In his book "New Concepts In Technical Trading Systems" Wilder presented several indicators: the Parabolic Sar, RSI, ADX.