ParabolicSAR - PSAR Moving Average Strategy For ThinkOrSwim

@SilverWolf

Hey, how's your progress in using this indicator?

Could you share with us your progress?

What timeframe/stock do you use ?

How do you use it ?

Any juicy pieces of information for us
Yes, I've been checking it out for about a week and it is very interesting. I have been using it for live trades on the daily chart to sell puts. I had been using the psar some before, but now I have it on a scan and the scan is on a watchlist, so I can see right away everyday as the sar switches, it adds it to the list. Then I look at the chart and decide if it's a good long. It has been working and it makes my search for trades much easier. I have also been trading with 10 shares stocks like tsla, smci labu and others that backtest really well on 3min and 5 min. I have not had profit with this no big loses. I don't think I have enough trust in the system so I second guess it and spin my wheels. Also a problem that sometimes the strategy will close a trade at a much better price than is possible. It seems that that could be fixable but I don't know enough to fix it. Like, it will close or reverse at the little ball, way above or way below where the price has been. I would love to see that cleaned up. Thanks so much.


Another thing, is there an easy way to turn on and off the moving average part completely just to see the difference that they make in the back tests. I also have the acceleration factor set to .055. That is best for what I am doing. Or is that crazy to do and may mess it up for some reason I don't know about?
 
Last edited by a moderator:

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
248 Online
Create Post

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Back
Top