This strategy calculates Bollinger Bands and Aroon oscillator values to identify mean-reversion opportunities. It enters a long position using full equity when the closing price crosses below the lower Bollinger Band while Aroon Up remains above a user-specifi
Strategy · Pine Script v6 · On the chart
Parabolic SAR
The Parabolic SAR strategy calculates the Parabolic SAR value to detect trend reversals on the price chart.
GitHub stars1on the repository
Pine versionv6current
Lines of code81
Settings3inputs
LicenceNone stated
Last update1 year ago27 May 2025
Add It to Your TradingView Chart
- 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 starts with a given acceleration factor and adjusts it dynamically between start and maximum values based on price movements. Long entries occur when the SAR crosses below the current price, and short entries when it crosses above. The stop loss is set to the next SAR value for each trade. The script draws SAR dots directly on the price chart. Inputs control the start acceleration factor, its increment rate, and the maximum value. It repaints on the live bar using current bar data for calculations and has no fixed exit rules.
- Parabolic SAR calculation
- dynamic acceleration factor
- trend reversal signals
- stop loss on SAR
- chart overlay
Details
Published by
Studentcodee on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Trend, Volatility & bands
Markets
Any symbol
Timeframes
Any timeframe
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.
| Setting | Type | Default | Variable |
|---|---|---|---|
| start | float | 0.02 | start |
| increment | float | 0.02 | increment |
| maximum | float | 0.2 | maximum |
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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