Instead of using a static parabolic curve, this indicator adjusts dynamically based on the changes in moving average of the price. Read here to learn more about the usage of this indicator.
I tested the strategy version of this indicator on Bitstamp:BTCUSD and compared the results to the . I changed the settings on both indicators to achieve the best results on each indicator. This indicator outperformed the by a large margin.
You need to calibrate the indicator depending on the asset and time frame. It works best in trending markets.