Tymen_STARC_Bands – indicator MetaTrader 5

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:

Alternative:   StdDev_Cross - indicator MetaTrader 5

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)


https://www.mql5.com/ru/code/23313

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