SAR
SAR, also known as Stop and Reverse, is a popular technical indicator used in Amibroker for trend following purposes. It helps traders identify potential reversal points in the market. By utilizing Amibroker data and Amibroker AFL (AmiBroker Formula Language), users can easily incorporate SAR into their trading strategies to make informed decisions.
_SECTION_BEGIN("Price");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
Plot( C, "Close", ParamColor("Color", colorBlack ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() );
_SECTION_END();
_SECTION_BEGIN("SAR");
acc = Param("Acceleration", 0.02, 0, 1, 0.001 );
accm = Param("Max. acceleration", 0.2, 0, 1, 0.001 );
Plot( SAR( acc, accm ), _DEFAULT_NAME(), ParamColor( "Color", colorCycle ), ParamStyle("Style", styleDots | styleNoLine, maskDefault | styleDots | styleNoLine ) );
if( Status("action") == actionCommentary )
{
printf("The Parabolic SAR provides excellent exit points. You should Close long positions when the price falls below the SAR AND Close Short positions when the price rises above the SAR.");
}
_SECTION_END();