RightEdge - The Ultimate Backtesting and Trading System Development Platform

Parabolic SAR Indicator

Developed by Welles Wilder, the Parabolic SAR (Stop And Reversal) is used to set trailing price stops.  When the price rises above the SAR, you should close short positions.  You should close long positions when the price falls below the SAR.  You should also note that the current value of the SAR is today's stop level, not tomorrow's.

See Also

Parabolic SAR Developer Help