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PSAR

Trailing dots that flip when the trend reverses. Trails stops along with the trend.

Add PSAR to a mix
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Max accelaration factor:Increment:

About

Parabolic Stop and Reverse (PSAR) plots dots below price in an uptrend and above price in a downtrend. A flip to the other side is the stop-and-reverse. The default acceleration factor starts at 0.02 and steps toward 0.20.

Dots under rising price trail a long. Dots over falling price trail a short. In a range the dots flip often, which is noise rather than a new trend.

Use PSAR in a mix as a trailing exit or as a trend-side filter, and add a strength or volume signal so a single flip is not the whole entry.