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Submitted by Edward Revy on February 28, 2007 – 15:01. The two indicators we are going to talk about here are found to be very well working when used side by side. Any currency pair and time frame can be used. DI line is below the -DI line, and Parabolic SAR gives sell signal. DI line is above the -DI line, all Parabolic sell signals must be ignored. DI line is above the -DI line, and Parabolic SAR gives buy signal. DI line is below the -DI line, all Parabolic buy signals must be ignored.
DI line and -DI lines have crossed again. Advantages: allows filtering entries and predicting good exits. Disadvantages: Both Parabolic SAR and ADX are follow-up indicators. ADX, because during trading it can give one signal, but later change to the opposite. Once given a signal from ADX, waiting for the current price bar to close to avoid such misleading is advised. Submitted by User on January 28, 2013 – 09:10. Submitted by User on January 7, 2013 – 10:02.