Parabolic SAR based on closing prices

shivastrading

Is there a way to scan while using Parabolic SAR based off of closing prices?

lambchops

ADVANCED SCAN WORKBENCH/PRE DEFINED SCANS/PARABOLIC SAR BUY

IamJim

Here's one for my buddy lmkwin for outside the box..
Scan for slopes & consolidation of SAR's and BB Bands maybe?

lmkwin

Parabolic SAR predefined scan uses the Close to cross above or below the Parabolic SAR level.

Several ways to get to the Predefined Scans, but a practical way is through the Advanced Scan Workbench. Once in there, look at the links at the top of the scan window.



Click on the Predefined Scans to see preconfigured scans for popular indicators. You can edit and run those scans and then save them into your account if you would like to do that as well.

The other Link I'd like to draw attention to is the Sample Scans. There are some nice predefined scans there as well. I guess they didn't want to mess with the existing predefined scans window to add them there.

The Parabolic SAR is calculated based off the Highest High or the Lowest Low after reversal. There is not a way in StockCharts to base the PSAR off the Highest Close or Lowest Close after a reversal, if that is the question.

One thing I stumbled upon is a new indicator that I'd never heard of but has been a staple over on the ACP side of things.

https://chartschool.stockcharts.com/table-of-contents/technical-indicators-and-overlays/technical-indicators/gopalakrishnan-range-index

Find your picks by looking at the New MarketCarpet and then use the New RRG and the Gopalakrishnan Range Index to fine tune your selections. Wish they had touted this game changer when it came to ACP. Must have been during the time when they canned all the old staff last year, so nobody was tasked with promoting it.

IamJim

ty appreciate last paragraph for sure = a new weekend toy with first cup of coffee

IamJim

NOTE above FIB spirals were pulled from 12 minutes, then I popped to 3m [aka a 4:1 for "go speed racer look"]

lmkwin

I must correct my prior incorrect statement about the fabulous new ACP ONLY indicator, the Gopalakrishnan Range Index. I wondered why they hadn't announced it being added and how to use it, suggesting that they had "canned" the promoters of new things like this. Turns out the indicator was created by the Director of Content for StockCharts.com.



If you are wondering what the "Index" does, check out the link to the chartschool article in my prior incorrect post, and get back to me as to the value add on it. Maybe this is why it wasn't mentioned.