The C-Parabolic Sar mt5 Forex Indicator is a variation of the standard Parabolic Sar indicator. The difference between these two gauges is in the color of the dots. In the case of the C-Parabolic Sar indicator, the dots are getting brighter along with ongoing price movement. Generally, you can expect the movement to end when the dots get bright.
The C-Parabolic Sar Indicator fits all kinds of timeframes and mt5 currency pairs. It is displayed directly on the main mt5 trading chart. The default indicator settings can be modified now from the indicator input tab. Feel free to experiment with the indicator settings and parameters to fit your preferences.
Example trade with the C-Parabolic Sar mt5 Forex Indicator
Below is the screenshot of an example trade with the C-Parabolic Sar Forex Indicator.
We used the C-Parabolic Sar forex indicator and the 200-period EMA to define the overall trend. As you can see on the chart above, the dots below trade-triggering candles were dark. However, the price made pretty decent upward movement, and the dots got almost white at the end of that spike.
How can the C-Parabolic Sar forex indicator be set up in MetaTrader (MT5)?
Installation Guide
Download the C-Parabolic Sar.zip archive at the end of this post, unpack it, then copy and paste the C-Parabolic Sar.ex5 or C-Parabolic Sar.mq5 forex indicator files into the MQL5 folder of the MetaTrader 5 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL5 > Indicators (paste here).
Now go to the left side of your MT5 terminal. In the Navigator, find the gauge name, right-click it, and select Attach to the chart.
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Bottom Line
The C-Parabolic Sar forex indicator is well worth adding to your trading collection. A superb forex indicator will enhance your chance of success. Nonetheless, remember to have realistic expectations. Like any other technical forex analysis tool, it cannot provide accurate entry signals 100% of the time. Thus, this forex mt5 indicator provides false signals occasionally. Its trading performance will vary significantly depending on forex market conditions. Feel free to develop your trading strategy based on it. Don’t forget that we still have more awesome free Forex indicators to try.
