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Parabolic SAR in Forex trading
Written by article default Monday, 31 August 2009 18:29
Parabolic SAR is a technical analysis method to predict entry and exit points in Forex Market. It's widely used in Forex trading market because of its accuracy during trending period. Parabolic SAR is a time/price system. It was first introduced by J.Welles Wilder in his acclaimed book "New Concepts in Technical Trading Systems" (1978). SAR stands for 'stop and reverse' and the term 'parabolic' comes from the shape of the curve (resembling a parabola) created on the technical chart.