Parabolic SAR Color Alert Indicator for MetaTrader 5–Free

The Parabolic SAR Color Alert Indicator is a professional trading tool that helps visualize market direction by using colored dots to show trend changes clearly.
When applied to a chart, the indicator places colored dots above or below candles based on market movement:

1. Blue dots below candles indicate an upward trend.
2. Blue dots above candles signal a downward trend.

You can download it from this link:
https://cdn.tradingfinder.com/file/5...5-by-tflab.zip

You can also access the MetaTrader 4 version of this Indicator through this page:
https://www.cryptocraft.com/thread/1...r-metatrader-4

For instructions on how to install:
https://www.forexfactory.com/thread/...-in-metatrader

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The Parabolic SAR Color Alert Indicator updates dot positions instantly when a trend reversal is detected, making it easier to identify price turning points and confirm trend continuation.
It also features an automatic alert system that notifies traders of a change in market direction through sound alerts, email messages, or push notifications.

Buy Trade Example
On the Ethereum (ETH) chart, once the price breaks above the blue dots, new dots begin to appear below the candles, signaling a potential bullish reversal.
A sequence of dots consistently forming below the price confirms the continuation of the uptrend.
Key points:

1. Detects upward price momentum.
2. Identifies early signs of bullish reversals.

Sell Trade Example
On the USD/CHF chart, blue dots appear above the candles as the price moves downward.
As long as the blue dots remain above the candles, selling pressure dominates, confirming a bearish market trend.
Key points:

1. Detects downward momentum.
2. Confirms the strength of a bearish trend.

Indicator Settings
SAR Parameters

1. SAR Price Increment Step (Acceleration): Adjusts the step size used in SAR calculations.
2. SAR Maximum Step Value: Defines the upper limit for acceleration steps.

Alert Parameters

1. Sound Name: Selects the alert sound file.
2. Repetitions: Sets how many times the alert repeats.
3. Pause (seconds): Determines the interval between alert repetitions.
4. Alert: Enables or disables sound alerts.
5. Send Mail: Activates email notifications.
6. Send Notification: Enables push notifications on the trading platform

Conclusion
The Parabolic SAR Color Alert Indicator is an effective tool for identifying trend direction and potential price reversals.
Its combination of colored-dot visualization and customizable alerts allows traders to respond quickly to market shifts.
With adjustable parameters for acceleration, alert preferences, and notification settings, this indicator provides flexibility and reliability for different trading strategies, including scalping, day trading, and swing trading, across Forex, crypto, and stock markets.