The 3Parabolic System is a game-changer for traders looking to enhance their trading strategy. This nifty indicator generates signals through alerts and colored dots right on your chart, making it super easy to spot trading opportunities.
So, how does it work? The 3Parabolic System compares signals from three different versions of the Parabolic SAR indicator, each set to different timeframes: junior (your chart timeframe), middle, and senior.
In this setup, the senior and middle timeframes are used to track trend signals, while the junior timeframe focuses on identifying trend reversals. For instance, if the parabolic indicators are trending upwards on the senior and middle charts and are situated below the current price, while the junior chart shows a shift from above to below the price, you’ve got yourself a buy signal. The same logic applies for sell signals.
Indicator Input Parameters:
//+----------------------------------------------+//| Indicator Input Parameters |//+----------------------------------------------+inputuint AlertCount=0; // Number of submitted alertsinputuint SignalBar=1; // Signal bar index, 0 is the current bar//---- Current timeframe iSAR indicator parametersinputdouble Junior_Step=0.02; // Junior iSAR stepinputdouble Junior_Maximum=0.2; // Junior iSAR maximum//---- Middle timeframe iSAR indicator parametersinputENUM_TIMEFRAMES Middle_TimeFrame=PERIOD_H1; // Middle iSAR chart periodinputdouble Middle_Step=0.02; // Middle iSAR stepinputdouble Middle_Maximum=0.2; // Middle iSAR maximum//---- Senior timeframe iSAR indicator parametersinputENUM_TIMEFRAMES Senior_TimeFrame=PERIOD_H12; // Senior iSAR chart periodinputdouble Senior_Step=0.02; // Senior iSAR stepinputdouble Senior_Maximum=0.2; // Senior iSAR maximum
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