Indicator Acceleration Bands - Price Headley's acceleration bands they are based on daily range.

It has two configurable parameters:

  • Period - calculation period
  • Factor - bands widening factor

Calculations:

Top = SMA(Up, Period)
Bottom = SMA(Dn, Period)

where:

Up = High * (1+2*(2000 * Factor *(High-Low) / (High+Low)))
Dn = High * (1-2*(2000 * Factor *(High-Low) / (High+Low)))