Tymen STARC Bands MT5 Indicator

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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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Tymen STARC Bands MT5 Indicator

 

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