Strategy · Pine Script v5 · On the chart

Parabolic SAR - Eterna

by EternaHybridExchange

Calculates the Parabolic Stop and Reverse (SAR) indicator paired with an optional Exponential Moving Average (EMA) trend filter.

View on GitHub

GitHub stars9on the repository
Pine versionv5runs as is
Lines of code57
Settings8inputs
LicenceMIT
Last update7 months ago12 Mar 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

57 lines of Pine Script v5 from strategies/trend-following/parabolic-sar/strategy.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.

strategy.pine
//@version=5
strategy("Parabolic SAR - Eterna", 
         overlay=true, 
         initial_capital=10000,
         default_qty_type=strategy.percent_of_equity, 
         default_qty_value=10,
         commission_type=strategy.commission.percent,
         commission_value=0.075)

// ==================== Parameters ====================
sarStart = input.float(0.02, "SAR Start", minval=0.001, step=0.001)
sarIncrement = input.float(0.02, "SAR Increment", minval=0.001, step=0.001)
sarMaximum = input.float(0.2, "SAR Maximum", minval=0.01, step=0.01)
trendFilter = input.int(50, "Trend Filter EMA", minval=1)
useTrendFilter = input.bool(true, "Use Trend Filter")
leverage = input.int(5, "Leverage", minval=1, maxval=100)
positionSize = input.float(0.01, "Position Size", minval=0.001, step=0.001)

webhookMessage = input.string('{"action":"{{strategy.order.action}}", "symbol":"{{ticker}}", "size":' + str.tostring(positionSize) + ', "leverage":' + str.tostring(leverage) + '}', 
                               "Webhook JSON", group="Webhook")

// ==================== Indicators ====================
sarValue = ta.sar(sarStart, sarIncrement, sarMaximum)
trendEMA = ta.ema(close, trendFilter)

// ==================== Entry Conditions ====================
// SAR flips indicate trend change
sarBullish = sarValue < close
sarBearish = sarValue > close

// Detect SAR flip
sarFlipUp = ta.crossover(close, sarValue)
sarFlipDown = ta.crossunder(close, sarValue)

// Optional trend filter
longCondition = useTrendFilter ? (sarFlipUp and close > trendEMA) : sarFlipUp
shortCondition = useTrendFilter ? (sarFlipDown and close < trendEMA) : sarFlipDown

// ==================== Strategy Execution ====================
if longCondition
    strategy.entry("Long", strategy.long, alert_message=str.replace(webhookMessage, "{{strategy.order.action}}", "buy"))

if shortCondition
    strategy.entry("Short", strategy.short, alert_message=str.replace(webhookMessage, "{{strategy.order.action}}", "sell"))

// ==================== Plotting ====================
plot(sarValue, "SAR", style=plot.style_cross, color=sarBullish ? color.green : color.red, linewidth=2)
plot(useTrendFilter ? trendEMA : na, "Trend EMA", color=color.orange, linewidth=1)

plotshape(longCondition, "Long", shape.triangleup, location.belowbar, color.green, size=size.normal)
plotshape(shortCondition, "Short", shape.triangledown, location.abovebar, color.red, size=size.normal)

bgcolor(sarBullish ? color.new(color.green, 95) : color.new(color.red, 95))

// SAR dots
plotchar(sarValue, "SAR Dots", "•", location=sarBullish ? location.belowbar : location.abovebar, 
         color=sarBullish ? color.green : color.red, size=size.tiny)

Overview

A long position is triggered when price crosses above the SAR while remaining above the trend EMA. A short position is entered when price crosses below the SAR while below the trend EMA. Settings allow customization of the SAR acceleration parameters, EMA filter length, and webhook JSON string formatting for automated execution. The script reverses existing positions on opposing signals and includes no default stop loss.

Details

Published by

EternaHybridExchange on GitHub

Type

Strategy, Pine Script v5

Draws

On the price chart

Category

Trend, Moving averages

Markets

Crypto

Timeframes

M15-H1, H4 and above

Risk Notes

  • The strategy enters trades without a stop loss

Topics

algorithmic-tradingautomated-tradingbacktestingbybitcrypto-tradingeternamcppine-scripttrading-strategiestradingview

Settings

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

SettingTypeDefaultVariable
SAR Startfloat0.02sarStart
SAR Incrementfloat0.02sarIncrement
SAR Maximumfloat0.2sarMaximum
Trend Filter EMAint50trendFilter
Use Trend FilterbooltrueuseTrendFilter
Leverageint5leverage
Position Sizefloat0.01positionSize
Webhook JSONstring'{"action":"{{strategy.order.action}}", "symbol":"{{ticker}}webhookMessage
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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