Differences

This shows you the differences between two versions of the page.

--- technical_indicators:parabolic_sar [2019/09/07 00:16]
betseyp [Break Below Rising SAR]
+++ technical_indicators:parabolic_sar [2022/05/11 17:51]
betseyp [Introduction]
@@ Line 6: / Line 6: @@
 Developed by Welles Wilder, the Parabolic SAR refers to a price-and-time-based trading system. Wilder called this the "Parabolic Time/Price System." SAR stands for "stop and reverse," which is the actual indicator used in the system. **SAR trails price as the trend extends over time.** The indicator is below prices as they're rising and above prices as they're falling. In this regard, the indicator stops and reverses when the price trend reverses and breaks above or below the indicator.
-Wilder introduced the Parabolic Time/Price System in his 1978 book //New Concepts in Technical Trading Systems//. This book also includes [[:technical_indicators:relative_strength_index_rsi|RSI]], Average True Range (ATR), and the Directional Movement Concept (ADX). Despite being developed before the computer age, Wilder's indicators have stood the test of time and remain extremely popular.
+Wilder introduced the Parabolic Time/Price System in his 1978 book //New Concepts in Technical Trading Systems//. This book also includes the Relative Strength Index (RSI), Average True Range (ATR), and the Directional Movement Concept (ADX). Despite being developed before the computer age, Wilder's indicators have stood the test of time and remain extremely popular.
 {{:technical_indicators:parabolic_sar:psar-1-qqqqexam.png|Parabolic SAR - Chart 1}}
@@ Line 98: / Line 98: @@
-===== Suggested Scans =====
+===== Scanning for Parabolic SAR =====
+StockCharts members can screen for stocks based on Parabolic SAR values. Below are some example scans that can be used for Parabolic SAR-based signals. Simply copy the scan text and paste it into the Scan Criteria box in the [[https://stockcharts.com/def/servlet/ScanUI|Advanced Scan Workbench]].
+Members can also set up alerts to notify them when a Parabolic SAR-based signal is triggered for a stock. Alerts use the same syntax as scans, so the sample scans below can be used as a starting point for setting up alerts as well. Simply copy the scan text and paste it into the Alert Criteria box in the [[https://stockcharts.com/h-al/al|Technical Alert Workbench]].
 ==== Break Above Falling SAR ====
@@ Line 104: / Line 109: @@
 <code>
 [type = stock] AND [country = US]
-AND [Daily SMA(20,Daily Volume) > 40000]
+AND [SMA(20,Volume) > 40000]
-AND [Daily SMA(60,Daily Close) > 10]
+AND [SMA(60,Close) > 10]
-AND [Yesterday's Daily High < Yesterday's Daily Parabolic SAR(0.01,0.2)]
+AND [Yesterday's High < Yesterday's Parabolic SAR(0.01,0.2)]
-AND [Daily High > Daily Parabolic SAR(0.01,0.2)]
+AND [High > Parabolic SAR(0.01,0.2)]
 </code>
@@ Line 115: / Line 120: @@
 <code>
 [type = stock] AND [country = US]
-AND [Daily SMA(20,Daily Volume) > 40000]
+AND [SMA(20,Volume) > 40000]
-AND [Daily SMA(60,Daily Close) > 10]
+AND [SMA(60,Close) > 10]
-AND [Yesterday's Daily Low > Yesterday's Daily Parabolic SAR(0.01,0.2)]
+AND [Yesterday's Low > Yesterday's Parabolic SAR(0.01,0.2)]
-AND [Daily Low < Daily Parabolic SAR(0.01,0.2)]
+AND [Low < Parabolic SAR(0.01,0.2)]
 </code>