Properties

The above settings would scan for a Parabolic Stop & Reverse changing in any direction. The Acceleration Factor of the PSAR would be 0.02. The scan would be applied to a Daily chart.

Type

• Changes
  Select this option to scan for when the PSAR changes in any direction. (Goes short or long).

• Goes Short
  Select this option to scan for when the PSAR changes from going long to going short.

• Goes Long
  Select this option to scan for when the PSAR changes from going short to going long.

Acceleration Factor

This is the setting for the Acceleration factor used to draw the PSAR. If this were set to 0.2, the scan would look for a PSAR using an Acceleration factor of 0.2.

Period Type

This setting sets the period type to use when calculating the Parabolic Stop and Reverse. For example, by selecting Daily the PSAR will be calculated off a day bar period (a daily chart), if it was set to Weekly, it would be calculated off a Weekly bar period (a weekly chart). You can select from the following options.

• Daily
• Weekly
• Monthly
• Yearly