1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
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
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Parabolic SAR Strategy enters long when price closes above the SAR after being at or below it on the prior bar, and short on the opposite flip. Each trade has an ATR-based stop loss and take profit set by separate multipliers. Acceleration and maximum values are adjustable, and the SAR is plotted as crosses on the price chart. Orders use all available equity by default.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Acceleration
float
0.02
acceleration
Maximum
float
0.2
maximum
ATR Period
int
14
atrPeriod
ATR Multiplier
float
2.0
atrMultiplier
Stop Loss ATR Multiplier
float
3.0
stopLossMultiplier
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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