Steema.TeeChart.Functions.SARFunction

Parabolic Stop And Reversal financial indicator.

For a list of all members of this type, see SARFunction Members

System.Object
   System.MarshalByRefObject
      System.ComponentModel.Component
         Steema.TeeChart.Drawing.TeeBase
            Steema.TeeChart.Functions.Function
               Steema.TeeChart.Functions.FinancialFunction

public class SARFunction : FinancialFunction , IComponent, IDisposable

Remarks

The Parabolic SAR, developed by Welles Wilder, is used to set trailing price stops. SAR refers to "Stop-And-Reversal". It is designed to create exit points for both long and short positions in such a way that it allows for reactions or fluctuations at the beginning of the position, but accelerates upward (for long positions) or downward (for short positions) as the movement tops out.

Parabolic SAR is plotted around the price chart similar to a moving average. The basics behind the formula for computing the SAR values can be found above.

The Parabolic SAR provides excellent exit points. You should close long positions when the price falls below the SAR and close short positions when the price rises above the SAR.

If you are long (i.e., the price is above the SAR), the SAR will move up every day, regardless of the direction the price is moving. The amount the SAR moves up depends on the amount that prices move. Wilder suggests using this indicator in a trending (or directional) market. If the security is trending up, then one might only take long positions. If the security is trending down, one might only take short positions.

Requirements

Namespace: Steema.TeeChart.Functions Namespace

Assembly: TeeChart.dll

Steema.TeeChart.Functions.SARFunction Class

Remarks

Requirements

See Also