Hi Lautrec.Good post, thumbs up from me.Like to ask you a...

Hi Lautrec.

Good post, thumbs up from me.

Like to ask you a question on the SAR indicator, hope it's the right place to do this..but!

The Parabolic SAR (Stop and Reverse) indicator is quite useful and is often used in determining exits from trades. The formula is quite complex and beyond the scope of this study guide, but its interpretation is relatively straightforward. The dotted lines below the price establish the trailing stop for a long position and the lines above establish the trailing stop for a short position. Thus, long trades should be closed when the price drops below the Parabolic SAR and short positions closed when the price rises above the Parabolic SAR. The Parabolic SAR can be used in any time frame.

http://www.meta-formula.com/metastock-parabolicsar-function.html


I've got it now on a chart, but trying to determine how to read it. It shows the .385 mark. How are you reading it, and whats your buy signal.

Thanks in advance.

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