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)))
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