The PSAR Levels MT4 indicator (Parabolic SAR Levels) is a powerful trend-following tool designed for MetaTrader 4 traders who want to identify the direction of the market with precision. This indicator visually shows the Parabolic SAR (Stop and Reverse) dots along with support and resistance levels, making it easier for traders to spot trend changes and potential entry or exit points.

Whether you are a beginner or an experienced trader, the PSAR Levels MT4 indicator can help you understand market momentum and make more informed trading decisions.

What is the Parabolic SAR?

PSAR Levels MT4 – Accurate Trend Following , created by J. Welles Wilder, is one of the most popular trend indicators used in Forex, stock, and commodities trading.

  • It places small dots above or below the price on the chart.
  • When the dots are below the price, it suggests an uptrend.
  • When the dots are above the price, it signals a downtrend.

Traders often use the Parabolic SAR to determine trend direction, trailing stop loss, and reversal points.

Features of PSAR Levels MT4 – Accurate Trend Following MT4 Indicator

Unlike the standard Parabolic SAR available in MetaTrader 4, this custom indicator comes with additional features to make trend trading more effective:

✅ Automatic Trend Detection – Shows whether the market is in an uptrend or downtrend.
✅ Support & Resistance Levels – Displays key price levels for better trade confirmation.
✅ Clear Buy & Sell Signals – The dots and levels guide traders on when to enter or exit.
✅ Easy to Use – Suitable for both beginners and professional traders.
✅ Works on All Timeframes – From scalping (M1, M5) to swing trading (H1, H4, Daily).

How to Use PSAR Levels MT4

  1. Identify Trend Direction
    • Dots below price = bullish trend.
    • Dots above price = bearish trend.
  2. Look for Reversal Points
    • When the dots flip from above to below (or vice versa), it signals a potential trend reversal.
  3. Combine with Support & Resistance
    • The indicator also shows horizontal levels, which can be used as take profit or stop loss zones.
  4. Confirm with Other Indicators
    • Many traders combine PSAR Levels with Moving Averages, RSI, or MACD for stronger confirmations.

Trading Strategy Example

  • Buy Setup:
    • Price is above the PSAR dots.
    • Indicator shows recent support levels.
    • Enter a buy trade and place a stop loss below the nearest support.
  • Sell Setup:
    • Price is below the PSAR dots.
    • Resistance level is marked.
    • Enter a sell trade and place a stop loss above the resistance.

Why Choose PSAR Levels MT4?

The PSAR Levels MT4 is more than just a simple indicator — it’s a complete trend-following system. With its enhanced visualization of trend direction and strong support/resistance zones, traders can:

  • Avoid false signals.
  • Ride trends longer.
  • Manage risk effectively.
  • Trade with confidence.

📸 Indicator Screenshots

MT4 chart with PSAR Levels indicator for trend direction and reversal signals
PSAR Levels MT4 showing trend direction with Parabolic SAR dots and resistance levels.

📥 Download PSAR Levels MT4 Free

👉 Download PSAR Levels MT4 (Free)

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File type: .ex4 / .mq4
Platform: MetaTrader 4
Category: Trend Indicators

⚙️ How to Install PSAR Levels MT4 Indicator

  1. Download the indicator file (.ex4 or .mq4).
  2. Open MetaTrader 4.
  3. Click on File → Open Data Folder.
  4. Go to MQL4 → Indicators.
  5. Paste the downloaded file inside the Indicators folder.
  6. Restart MetaTrader 4.
  7. Go to Navigator → Indicators, and attach PSAR Levels MT4 to your chart.

What is Parabolic SAR (PSAR)?
The Parabolic Stop and Reverse (SAR) indicator was developed by J. Welles Wilder Jr. as a tool to find potential reversals in market price direction. It is a trend‐following or lagging indicator. Wikipedia+2Investopedia+2

It plots a series of dots (parabolas) above or below the price candles:

  • When the dots are below price, it suggests an uptrend. Wikipedia+1
  • When the dots are above price, it suggests a downtrend. axiory.com+1