Do you like Parabolic SAR ?

I don't why but this indicator boost my confidence in my analysis during trading.
I see lot of potential in this indicator as a new tool.
Any Parabolic SAR junkies in the crowd?

 

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YES; even though it lags too much to use much .
I like to make the PSAR dots bigger[hand coloring]on my paper charts................................................................................................

 

I call the confidence pills...
I take the lag into consideration with PA and order flow.
The also have very smart params that can been configured according to ATR..
never tried.. just use the default for now.

 

I tested them for years, never got profitable use. I know our eyes lie to us

 

I do like the other SAR
Double and triple SAR. (stop & reverse)

 

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AT LEAST PSAR, on monthly charts/ never has the huge error rate of any 5 minute chart.
EVEN though PSAR lags to much; its also faster than a 50 week moving average, so IF its used only 2 or 3 times in 10 years , that could be helpful.
SO in 520 weeks[10 years] , 2 or 3 time s may help some
BUT thats a super low use rate %\LOL

 

Less lagging and in intrady to spot that we switched to range move is mush faster and intuitive.

 

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PUT enough moving averages + PSAR dots on a chart/\ may hit something.
LOL+ true

 

Test it. If you can't find an edge after systematically testing over long time frames (with bullish, bearish and flat markets), it's of no use. Hint: popular lagging indicators are almost always useless--just a crutch to "feel" better about trading decisions.

 

I prefer parabolic price, preferably right after I buy.