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)
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