Acceleration Bands (ACCBANDS) computes simple moving averages of high, low, and close prices using circular buffers. The middle line displays the close moving average, while upper and lower envelopes expand based on the difference between high and low moving averages multiplied by a scaling factor. Input settings allow users to adjust the lookback period and band factor. The script functions solely as a visual volatility envelope and provides no automated trading signals or alert conditions.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Period
int
20
i_period
Factor
float
2.0
i_factor
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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