Triple Parabolic SAR scalping method must be used with a 5 minute chart. Look for the patterns that 3 bands overlap. Close deal within 4-5 pip profit or build your own style after getting comfortable with this technique and share your approach with us for maybe higher profits.
Hi @rollas, I just tried a couple of paper trades using your indicator alongside one I was already using (HPotter's "FX Sniper" set to 5/5/0.618 and a colour-changing 16 HullMA).
On the first trade the PSARs lined-up so that the red (fast) was on top of the green (medium) and the blue (long).
In the second one, though, the green stayed on top of the red and the blue for a while until it over-lapped with the red.
What I am trying to understand is if there is an "ideal lining-up" for the 3 PSAR or their position relative to each other doesn't really matter?
Many thanks!
GoldenRatioTA
⋅
@rollas this is a snapshot of the second trade - the one with the red and green overlapping
On the first trade the PSARs lined-up so that the red (fast) was on top of the green (medium) and the blue (long).
In the second one, though, the green stayed on top of the red and the blue for a while until it over-lapped with the red.
What I am trying to understand is if there is an "ideal lining-up" for the 3 PSAR or their position relative to each other doesn't really matter?
Many thanks!