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The Parabolic Time/Price System, developed by Welles Wilder,
is used to set trailing price stops and is usually referred
to as the "SAR" (stop-and-reversal).
This indicator is explained thoroughly in Wilder's book,
New Concepts in Technical Trading Systems.
Interpretation
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.
If you are long (i.e., the price is above the SAR),
the SAR will move up every day, regardless of
the direction the price is moving. The amount
the SAR moves up depends on the amount
that prices move.
The Parabolic SAR is plotted as shown in Wilder's book.
Each SAR stop level point is displayed on the day
in which it is in effect. Note that the SAR value
is today's, not tomorrow's stop level.
Wilder, J. Welles. New Concepts in Technical Trading Systems. Greensboro, NC: Trend Research, 1978.
Parabolic SAR - Changing Alert from Popup to Email?
Hi,
I have a useful Parabolic SAR indicator with popup alert, but I need an email alert for it.
I tried to change the alert from popup to email, but I can't get it to compile without errors... I think the solution is probably obvious but I can't figure it out, if somebody could please fix it...
Here is the original alert code that is working :
Quote:
if(AlertsEnabled==true && sarUp[i] == 0 && Bars>alertBar)
{
Alert("Parabolic SAR Going Down on ",Symbol(),"-",Period());
alertBar = Bars;
}
Please i dont know if a kind-hearted forum member can help me program an EA that will place trades using parabolic SAR and RSI 9 only.
with inbuilt but changeable trailing stop option
The EA will enter trades when a new parabolic signal is formed and RSI 9 corresponds with the signal
The EA will place stoploss where a parabolic breach will occur
which means stoploss will be placed where it cannot be hit unless parabolic is breached and it will automatically close trades when RSI 9 moves in opposite direction
I have a useful Parabolic SAR indicator with popup alert, but I need an email alert for it.
I tried to change the alert from popup to email, but I can't get it to compile without errors... I think the solution is probably obvious but I can't figure it out, if somebody could please fix it...
Here is the original alert code that is working :
And here's my change which causes the problem :
I'm getting the following compile error :
I'm also getting another compilation error ('else' - unexpected token) which I guess is related to whatever is causing the first error.
I've attached the original indicator file.
Thanks,
Jin
Jin:
It seems as though you have the wrong parameters count for the "SendMail" function. The first parameter is the subject that will appear in the subject line of the email message. The second parameter is a text string that will go into the body of the email message. You have omitted one of these.
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