OPEN-SOURCE SCRIPT

Parabolic SAR

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This script is a Parabolic SAR implementation based on Thinkorswim (TOS) default specifications.

Key Features:

Continuous Line: Instead of discrete dots, this version uses a continuous line to better visualize the acceleration and trailing stop levels.

Auto-Color Trend: The line automatically changes color based on the trend (Green when below price, Red when above).

TOS Standard: Default parameters are set to Acceleration Factor 0.02 and Limit 0.2.

Best For:
Protecting profits during high-momentum moves. The accelerating nature of the line helps traders exit efficiently as soon as price momentum begins to fade.

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