Parabolic SAR (Stop and Reverse) is a technical indicator commonly used by traders to determine the direction of a particular trend and potential entry or exit points in a market. The indicator was developed by J. Welles Wilder and is widely utilized in various financial markets, including stocks, commodities, and forex.To understand how to read the Parabolic SAR, it is essential to know that it appears as a series of dots either above or below the price chart.