SA R Oscillator2
This is a powerful addition to your MetaTrader 5 toolkit designed to optimize market analysis and performance. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use SA R Oscillator2
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
Description & Settings
It has two adjustable parameters:
SAR step
- Parabolic SAR step
SAR maximum
- Parabolic SAR maximum
Calculations:
OscSAR = SAR - Сlose
where
SAR - Parabolic SAR(SAR step, SAR maximum)
The histogram values above zero are bearish:
When the histogram bar values rise, this indicates a fast downward movement, and the histogram bars are colored in orange.
When the histogram bar values fall, this indicates a downward movement stop or a correction, and the histogram bars are colored in light-orange.
The histogram values below zero are bullish:
When the histogram bar values fall, this indicates a fast upward movement, and the histogram bars are colored in blue.
When the histogram bar values rise, this indicates an upward movement stop or a correction, and the histogram bars are colored in light-blue.
