The Tymen STARC Bands indicator - MA+ATR bands.
It has seven input parameters:
- ATR period - ATR calculation period
- MA period - MA calculation period
- Method - type of applied MA
- Applied price - price used for calculations
- ATR coefficient - ATR coefficient of external bands
- ATR middle coefficient - ATR coefficient of internal bands
- Show middle lines - display the middle MA line
The Moving Averages types which can be used for the Tymen STARC Bands:
Simple - simple moving average
Exponential - exponential moving average
Smoothed - smoothed moving average
Linear-Weighted - linear weighted moving average
Wilder Exponential - Welles Wilder's exponential moving average
Sine-Weighted - sine-weighted moving average
Triangular - triangular moving average
Least Square - least square moving average (LSMA)
Hull MA by Alan Hull - Hull's moving average (HMA)
Zero-Lag Exponential - exponential moving average with the minimum delay
Instantaneous Trendline by J.Ehlers - John Ehlers' trendline
Moving Median - moving median
Geometric Mean - moving average based on the geometric mean method
Regularized EMA by Chris Satchwell - moving average based on Chris Satchwell's Regularized EMA method
Integral of Linear Regression Slope - integral of linear regression slope (ILRS MA)
Combination of LSMA and ILRS - moving average - combination of LSMA and ILRS methods
Triangular MA generalized by J.Ehlers - John Ehlers' triangular moving average
Volume-Weighted - volume-weighted moving average
Calculation:
Middle = MA
Highest = MA + ATR coefficient * ATR
Top = MA + ATR middle coefficient * ATR
Bottom = MA - ATR middle coefficient * ATR
Lowest = MA - ATR coefficient * ATR
where:
MA = MovingAverage(Applied price, MA period, Method)
ATR = AverageTrueRange(ATR period)