The Value of PSAR for the same candlesticks donot match in Tradingview and ChartIQ
I will attach screen shots to explain the same.
- Trading view chart - Nifty Spot 5min chart - 22- April -2020 : 11:20 : PSAR = 9074.0282
Also you can notice the slope of the PSAR till 11.20. At 11:25 the PSAR suddenly flattens and value shown is exactly the low of 11:25 candle. It should actually have flipped above but did not happen. This is clearly wrong. PSAR cant suddenly flatten like this.
This problem actually occurs in several places. Not just here.
- ChartIQ chart - Nifty Spot 5min chart - 22- April -2020 : 11:20 : PSAR = 9061.88
It seems that both platforms use the same data but come up with PSAR values that are radically different.
Some people use PSAR for trailing stoploss. A gap of 13 points is big. And given that this happens at several such places please look into this matter