The Parabolic SAR Multi Timeframe (MTF) indicator delivers simple, yet profitable buy and sell trading signals for any pair and timeframe.
The indicator paints buy and sell PSAR MTF dots on the chart.
- A signal to buy occurs when a green dot appears on the chart
- A signal to sell occurs when a red dot appears on the chart
It’s recommend to use the indicator together with other analysis tools for more accurate trend predictions.
The timeframe can be changed directly from the indicator’s inputs tab.
The default value is set to “current timeframe”.
The EUR/USD H1 chart below displays the Parabolic SAR Multi Timeframe (MTF) Metatrader 4 forex indicator in action.
Basic Trading Signals
Signals from the Parabolic SAR Multi Timeframe (MTF) MT4 forex indicator are easy to interpret and goes as follows:
Buy Signal: Buy the pair when a green Parabolic SAR MTF dot appears on the chart. Place a stop below the green rising PSAR line.
Sell Signal: Sell the pair when a red Parabolic SAR MTF dot appears on the chart. Place a stop above the brown falling PSAR line.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart window indicator
Customization options: Variable (select timeframe, MA period, MA method, MA price, alerts) Width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, Daily, Weekly, Monthly
Copy and paste the Parabolic SAR of MA mtf.ex4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)