Ultimate Trend Filter for Swing Trading: The Parabolic SAR

Aperçu

Attention! This strategy has been created to act as a filter (for swing trading) and NOT for providing buy and sell signals. It works well as a filter for the following coins: BTC, ETH, ADA, LINK, XLM, XEM, XTZ, BAND. We have left the configuration open so that you can edit it however you want!

The Parabolic SAR on Cryptohopper keeps signaling a buy as long as the PSAR is bullish (meaning that the dots are below the price) and keeps signaling a sell as long as the indicator is bearish (meaning that the dots are above the price). This attribute makes the Parabolic SAR an excellent trend filter.

In this version, we have modified the parameters from the classical Parabolic SAR. It works on the 4h chart and uses wider parameters to identify the long term direction (you can check the parameters used by clicking on the indicator in the strategy designer). It looks very similar to this version we showcased a while ago:
https://www.tradingview.com/chart/ETHUSDT/8xfnJ1RY-Make-Indicators-Profitable-Again/

You can use this strategy in your AI as a trend by adding it as it is.

You can also use it in your regular strategies. Simply add the other indicators/candlestick patterns you usually use, and make sure to mark this Parabolic SAR as necessary. Additionally, make sure to set "Minimum Buy signals" and "Minimum sell signals" to one number higher than with your usual strategy.

If you have any questions about this strategy or any other of our marketplace products, you can reach out to us by sending an email to marketplace@cryptohopper.com

Disclaimer: Past performance does not equal future results, always do your own research.