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Home » Blog » Use This Instead of Chasing

Use This Instead of Chasing

May 13, 2022 11 Comments

Here’s how I use the Parabolic SAR indicator to avoid chasing these li’l micros.

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Filed Under: The Daily Rage

Comments

  1. Shane says

    May 13, 2022 at 2:45 pm

    You can attach your stop to the ParSar in NinjaTrader without programming.

    Reply
    • Mindie Kniss says

      May 13, 2022 at 2:51 pm

      That’s awesome. I’ll have to look up how to do that. Thanks!

      Reply
      • Brian says

        May 13, 2022 at 11:41 pm

        It’s simple in Ninja Trader:
        To setup the parameters to Attach to Indicator:

        1.Right mouse click on a submitted order

        2.Hover your mouse cursor over the order details

        3.Navigate to the Attach to Indicator menu

        4.Left mouse click on the Attach to Indicator Properties menu item

        This will open an Attach to Indicator Properties window which will allow you to define the following properties:

        Indicator

        Selects the indicator plot* which is used for the indicator tracking

        Offset (ticks)

        The number of ticks (+/-) the order will follow the indicator value

        Modify toward last price only
        Enables / Disables the ability to hold the order price and only modify should the indicator change to a price closer to the last traded price. This prevents orders from modifying to price that would be worse than the previous value.

        https://ninjatrader.com/support/helpGuides/nt8/NT%20HelpGuide%20English.html?attachingorderstoindicators.htm

        Reply
        • Mindie Kniss says

          May 14, 2022 at 7:29 am

          You’re awesome, Brian. Thank you!

          Reply
          • Brian says

            May 14, 2022 at 9:29 pm

            You’re welcome Mindie, hope it helps! Sure makes it easier to trail, especially if you have to step away from your PC for a minute or two.

        • Steve Parisy says

          May 14, 2022 at 10:32 am

          great stuff Brian. I have been trying to get used to NT8. Its kind of tough when you are used yo platform and then switch to another one.

          Reply
          • Brian says

            May 14, 2022 at 9:27 pm

            Thanks Steve, I’ve been on NT for a number of years, but still learning new stuff about it all the time!

  2. jim13oh says

    May 14, 2022 at 7:11 am

    What are the green bands on your 10 minute chart?

    Reply
    • Mindie Kniss says

      May 14, 2022 at 7:31 am

      Hi Jim, The green bands are Keltner channels.

      Reply
  3. James Woodruff says

    May 15, 2022 at 5:51 pm

    Thanks Mindie. Is there anything like the ParSar in Tradestation?

    Reply
    • Mindie Kniss says

      May 15, 2022 at 6:03 pm

      Hey James, yep! The Parabolic SAR is available on most platforms.
      TradeStation has it in Studies.

      Reply

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