This indicator detects equal highs and lows by comparing prices within user-defined left and right bars using a tolerance percentage. It plots horizontal lines on the price chart for equal highs in one color and lows in another. A screener allows input of mult
Indicator · Pine Script v6 · On the chart
Parabolic SAR
This indicator plots the Parabolic SAR on the price chart using TradingView's built-in SAR function.
GitHub stars948on the repository
Pine versionv6current
Lines of code46
Settings7inputs
LicenceGPL-3.0
Last update10 days ago18 Oct 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
46 lines of Pine Script v6 from trailing_stops/parabolic_sar.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
//@version=6
// Copyright (c) 2019-present, Alex Orekhov (everget)
// Parabolic SAR script may be freely distributed under the terms of the GPL-3.0 license.
indicator('Parabolic SAR', shorttitle = 'PSAR', overlay = true)
const string calcGroup = 'Calculation'
start = input.float(0.02, step = 0.001, title = 'Start', group = calcGroup)
increment = input.float(0.02, step = 0.001, title = 'Increment', group = calcGroup)
maximum = input.float(0.2, step = 0.01, title = 'Maximum', group = calcGroup)
const string visualGroup = 'Visuals'
width = input.int(2, minval = 1, title = 'Point Width', group = visualGroup)
showLabels = input.bool(true, title = 'Show Buy/Sell Labels', group = visualGroup)
highlightStartPoints = input.bool(true, title = 'Highlight Start Points', group = visualGroup)
highlightState = input.bool(true, title = 'Highlight State', group = visualGroup)
//---
psar = ta.sar(start, increment, maximum)
dir = psar < close ? 1 : -1
psarColor = dir == 1 ? #3388bb : #fdcc02
psarPlot = plot(psar, title = 'PSAR', style = plot.style_circles, linewidth = math.max(1, width), color = psarColor)
const color textColor = color.white
const color longColor = color.green
const color shortColor = color.red
const color longFillColor = color.new(color.green, 85)
const color shortFillColor = color.new(color.red, 85)
buySignal = dir == 1 and dir[1] == -1
plotshape(buySignal and highlightStartPoints ? psar : na, title = 'Long Start', location = location.absolute, style = shape.circle, size = size.tiny, color = longColor)
plotshape(buySignal and showLabels ? psar : na, title = 'Buy Label', text = 'Buy', location = location.absolute, style = shape.labelup, size = size.tiny, color = longColor, textcolor = textColor)
sellSignal = dir == -1 and dir[1] == 1
plotshape(sellSignal and highlightStartPoints ? psar : na, title = 'Short Start', location = location.absolute, style = shape.circle, size = size.tiny, color = shortColor)
plotshape(sellSignal and showLabels ? psar : na, title = 'Sell Label', text = 'Sell', location = location.absolute, style = shape.labeldown, size = size.tiny, color = shortColor, textcolor = textColor)
midPricePlot = plot(ohlc4, title = '', display = display.none, editable = false)
fillColor = highlightState ? (dir == 1 ? longFillColor : dir == -1 ? shortFillColor : na) : na
fill(midPricePlot, psarPlot, title = 'Trade State Filling', color = fillColor)
alertcondition(dir != dir[1], title = 'Direction Change', message = 'PSAR has changed direction, {{exchange}}:{{ticker}}')
alertcondition(buySignal, title = 'Long', message = 'PSAR Long, {{exchange}}:{{ticker}}')
alertcondition(sellSignal, title = 'Short', message = 'PSAR Sell, {{exchange}}:{{ticker}}')
Overview
Direction is long when the SAR sits below the close and short when it sits above. Circles mark the SAR and are colored by that direction. Optional buy and sell labels and start-point markers appear when the direction flips. A translucent fill between the mid price and the SAR shows the current state. Start, increment, and maximum set the acceleration factor; point width and highlight toggles change appearance. Alerts fire on direction changes and long or short flips. It does not place trades.
- Built-in Parabolic SAR calculation
- Buy and sell labels on direction flips
- Highlighted start points
- State fill between mid price and SAR
- Alerts for direction change, long, and short
Details
Published by
everget on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Trend
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Repository
Topics
pinepinescripttechnical-indicatorsindicatorsoscillatorbandsaveragetradingviewindicatormoving-average
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Start | float | 0.02 | start |
| Increment | float | 0.02 | increment |
| Maximum | float | 0.2 | maximum |
| Point Width | int | 2 | width |
| Show Buy/Sell Labels | bool | true | showLabels |
| Highlight Start Points | bool | true | highlightStartPoints |
| Highlight State | bool | true | highlightState |
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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