Strategy · Pine Script v6 · On the chart

Parabolic SAR 0.01/0.08/0.37

by trustdan· code credited to TrendLab - Generated from Strategy Artifact

A long-only strategy generated from the TrendLab research project, drawn on the price chart.

View on GitHub

GitHub stars1on the repository
Pine versionv6current
Lines of code51
Settings3inputs
LicenceMIT
Last update9 months ago31 Jan 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above, or the copy button on the code below.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
  4. 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.

Source Code

51 lines of Pine Script v6 from pine-scripts/strategies/parabolic_sar/0.01_0.08_0.37.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.

0.01_0.08_0.37.pine
// This Pine Script™ code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © TrendLab - Generated from Strategy Artifact

//@version=6
strategy("Parabolic SAR 0.01/0.08/0.37", overlay=true, default_qty_type=strategy.percent_of_equity, default_qty_value=100, initial_capital=100000, commission_type=strategy.commission.percent, commission_value=0.1, slippage=1)

// =============================================================================
// INPUTS
// =============================================================================
afStart = input.float(0.01, "AF Start", minval=0.001, step=0.01)
afStep = input.float(0.08, "AF Step", minval=0.001, step=0.01)
afMax = input.float(0.37, "AF Max", minval=0.01, step=0.01)

// =============================================================================
// INDICATOR CALCULATION
// =============================================================================
sar = ta.sar(afStart, afStep, afMax)

// SAR position relative to price
sarBelowPrice = sar < close
sarAbovePrice = sar > close

// Detect SAR flips using crossover/crossunder
sarFlipsBelow = ta.crossover(close, sar)   // SAR flips below price (uptrend begins)
sarFlipsAbove = ta.crossunder(close, sar)  // SAR flips above price (downtrend begins)

// =============================================================================
// STRATEGY LOGIC
// =============================================================================
// Entry: SAR flips below price (uptrend begins) - close crosses above SAR
// Exit: SAR flips above price (downtrend begins) - close crosses below SAR

if sarFlipsBelow
    strategy.entry("Long", strategy.long)

if sarFlipsAbove
    strategy.close("Long")

// =============================================================================
// PLOTTING
// =============================================================================
// Plot SAR dots with color based on position
sarColor = sarBelowPrice ? color.green : color.red
plot(sar, "Parabolic SAR", color=sarColor, style=plot.style_circles, linewidth=2)

// Plot entry/exit signals
plotshape(sarFlipsBelow, "Entry Signal", shape.triangleup, location.belowbar, color.green, size=size.small)
plotshape(sarFlipsAbove, "Exit Signal", shape.triangledown, location.abovebar, color.red, size=size.small)

// Background color for trend direction
bgcolor(sarBelowPrice ? color.new(color.green, 95) : color.new(color.red, 95))

Overview

Parabolic SAR 0.01/0.08/0.37 calculates the Parabolic SAR with acceleration start 0.01, step 0.08 and maximum 0.37. It buys when the close crosses above the SAR and closes the position when the close crosses back below it. SAR dots are green below price and red above, with a faint trend background and signal triangles. Sizing uses the full account equity, and there is no separate stop loss.

Details

Published by

trustdan on GitHub

Code credit

TrendLab - Generated from Strategy Artifact, as written in the script's header

Type

Strategy, Pine Script v6

Draws

On the price chart

Category

Trend

Markets

Any symbol

Timeframes

H4 and above

Risk Notes

  • The strategy enters trades without a stop loss

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

SettingTypeDefaultVariable
AF Startfloat0.01afStart
AF Stepfloat0.08afStep
AF Maxfloat0.37afMax
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

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