So far, we have examined indicators that focus mainly on taking new trends from the outset.
While the ability to identify new trends is important, it is equally important to be able to understand where a trend ends.
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After all, what is the use of arriving on time without leaving on time?
How to use the star parabolic indicator?
An indicator that can help us determine the end point of a process is called Parabolic SAR ( S top A nd R eversal).
The SAR Parabolic indicator puts points on the chart that indicate a price return from those points is likely to form.
In the image above, you can see that when the uptrend turns into a downtrend, the points below the candlesticks are moved to the top of the candlesticks during the uptrend.
How to trade using Parabolic SAR
The great thing about Parabolic SAR is that it is really easy to use. We say separately.
Basically, when the dots are under the candlesticks, it is a buy signal.
It is a sell signal when the top points of the candlesticks are located.
How to use the star parabolic indicator?
Is it that simple?
Yes, we did.
Probably the easiest analysis of all the indicators is the parabolic indicator analysis because it shows that the price is either going up or down. However, it is better to use this tool in trendy markets that have long rallies to increase or decrease prices.
This tool should not be used in an almost neutral market where the price is moving horizontally.
How to use Parabolic SAR to exit trades
You can also use Parabolic SAR to determine if it is time to close a position.
Take a look at the performance of the Parabolic SAR as an exit signal in the EUR / USD daily chart below.
How to use the star parabolic indicator?
When the EUR / USD started to fall in late April, it seemed to be falling like a meteor.
A trader who was able to sell the pair was probably surprised at how much the downtrend continued and at what levels the price went down.
In early June, three points formed below the price, which indicates that the downtrend is over and the exit time is short-term sales.
If the seller was stubborn and decided to keep the trade with the thought that EUR / USD would resume its decline, it would probably have destroyed all these gains as the pair would later go up to 1,300. It’s gone!
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