Welles Wilder's Parabolic SAR Indicator:(SAR = Stop And Reverse)
This indicator works well in trending shares (either up or down) only. If the share price
is moving sideways (horizontally) in a narrow band, using this indicator for entry/exit
decisions can become fatal. In such case use Pivot Points.
Disclaimer: Stock market is a risky place and trading based on this indicator is totally on your own risk. We assume absolutely no responsibility if you bear losses in your trading.