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Bob,
if i can find the formula i think i can find a way
to implement it into metastock or at least try. I have been writing complex
codes for a while, just can't seem to find what the formula is for SAR. It
would be very helpful if you know where i can find the complex formula of SAR.
thanks
ugur
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Bob Jagow
To: <A
title=equismetastock@xxxxxxxxxxxxxxx
href="">equismetastock@xxxxxxxxxxxxxxx
Sent: Monday, May 26, 2003 8:18 PM
Subject: RE: [EquisMetaStock Group]
Parabolic SAR formula
That
code is incomplete, Ugar.
The
tough part to program is an additional rule which doesn't allow SAR to enter
the price range of the last 2 days.
<SPAN
class=849580700-27052003>
<SPAN
class=849580700-27052003>Bob
<SPAN
class=849580700-27052003>
<SPAN
class=849580700-27052003>
<SPAN
class=849580700-27052003>
<SPAN
class=849580700-27052003>
<FONT face=Tahoma
size=2>-----Original Message-----From: Ugur Arslan
[mailto:ugur_arslan@xxxxxxxxxxx]Sent: Monday, May 26, 2003 4:35
PMTo: <A
href="">equismetastock@xxxxxxxxxxxxxxxSubject:
Re: [EquisMetaStock Group] Parabolic SAR formula
Jay,
thnak you for your response but iwas more
looking for the code to plug in metastock. I have this formula
FORMULA
SAR[tomorrow]=SAR[today] + AF *
(EP[trade]-SAR[today]
DEFINITIONS
SIP=the extreme price point while in the previous
tradeAF=begins at .02 and is increased (depending on the rules below) by
.02 perday until .20AF is never increased beyond
.20EP[trade]=Extreme Price Point for the trade made so
far
but this formual is uelless unles i know is how to calculate the
SAR(today) to be able to tweak things. i can't remember the formula that's
why i was asking for the code.
Thanks,
ugur
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
<A title=JayTownsend@xxxxxxx
href="">JayTownsend@xxxxxxx
To: <A
title=equismetastock@xxxxxxxxxxxxxxx
href="">equismetastock@xxxxxxxxxxxxxxx
Sent: Monday, May 26, 2003 3:46
PM
Subject: Re: [EquisMetaStock Group]
Parabolic SAR formula
<FONT lang=0 face=Arial size=2
FAMILY="SANSSERIF">Hi:Here's a site that has an explanation of the
Parabolic SAR which is much the same as the one in Wilder's
book.<A
href="">http://www.incrediblecharts.com/technical/parabolic_sar_construction.htmTheir
explanation is below.I never tried to program it in MetaStock
because I've assumed that MetaStock has it correct, and it sure looked
that way when I was playing with it. It is like so many other
formulas that are always in the market, it works great in trending markets
but you pay a high price in choppy markets.JayThe
"formula"<FONT lang=0
face=Arial color=#000000 size=6 FAMILY="SANSSERIF">
Parabolic SAR
<FONT lang=0
face=Arial color=#000000 size=5
FAMILY="SANSSERIF">Construction<FONT lang=0
face=Arial color=#000000 size=2
FAMILY="SANSSERIF">There are a few basic concepts that need to be
addressed before we can explain how Parabolic SAR is
calculated:Extreme PointThis is the highest price recorded (to
date) during a long trade or the lowest price recorded (to date) during a
short trade.Significant PointThe SP is the highest price reached
in a long trade or the lowest price reached in a short trade. It is equal
to the extreme point when a trade is closed.Acceleration FactorThe
Acceleration Factor starts at 2% for a new trade and increases by 2% on
each day that a new extreme point is reached. The maximum acceleration
factor is 20%. No further increases are made after this figure has been
reached..SAR CalculationOn day 1 of a new trade (the
day that the trade is entered), the Parabolic SAR is taken as the
significant point from the previous trade.If the trade is Long the SP
will be the extreme Low reached in the previous trade.If the trade is
Short then the SP will be the extreme High reached in the previous
trade.To calculate Parabolic SAR for the following day: Take
the difference between the extreme point and the SAR (on day 1) and
multiply by the acceleration factor. If the trade is Long, add the
result to the SAR on day 1. If the trade is Short, subtract the result
from the SAR on day 1.There is one exception:Parabolic SAR is
never moved within the range of the current or previous day (highest High
to lowest Low over the 2 days).If this occurs in a long trade, use the
lowest Low over the 2 days as SAR for the following day.If short, use
the highest High over the 2 days as SAR for the following
day.Repeat the Parabolic SAR calculation for each subsequent day,
adjusting the Acceleration Factor whenever a new extreme point is
recorded.The trade is reversed when price equals the Parabolic SAR
for the day.
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