the cross of the dotted green and red lines in the ADX. Entry rules: sell, when the DI line is below the -DI line, and Parabolic SAR gives sell signal. Trend Histogram Color below zero with red or yellow bar. Buy, trend arrow buy. On a chart, the indicator appears as a series of dots placed either above or below the price bars.
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The parabolic SAR is also a method for setting stop-loss orders. A Down Arrow Fractal forms when there are higher lows on both sides of the candle. The indicator tends to produce good results in a trending environment, but it produces many false signals and losing trades when the price starts moving sideways. Exit at the opposite trend arrow or with profit target predetermined. These indicators can be found by default in your indicators list on your Metatrader 4 platform. Advantages: allows filtering entries and predicting good exits. The same concept applies to a short trade as the price falls, so will the indicator. Therefore, the parabolic SAR is typically used by active traders who want to catch a high-momentum move and then get out of the trade.