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Published:
2018.07.13 16:05
AB.mq5 (9.74 KB)view

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)))

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/21337

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