Download MetaTrader 5

Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

2007.05.09 10:24
Stoller Average Range Channels

Stoller Average Range Channels - indicator for MetaTrader 4

| English Español Русский 中文 Deutsch 日本語 Português

Views:
14516
Rating:
votes: 5
StarcBands.mq4 (2.98 KB)view

Developed by Manning Stoller in the early 1980s, the bands will contract and expand depending on the fluctuations in the average true range component.

STARC (or Stoller Average Range Channels) bands are calculated to incorporate market volatility.

The original Stoller formula is:

Upper Band: SMA(6) + 2 * ATR(15)

Lower Band: SMA(6) - 2 * ATR(15)

The function of Starc Bands is different than other Bands based indicators.

If price action rises to upper band there is a high risk to buy and a lower risk to sell. As inverse, if price action rises to lower band there is a high risk to sell and a lower risk to buy.


Accelerator Oscillator (AC) Accelerator Oscillator (AC)

The Acceleration/Deceleration Indicator (AC) measures acceleration and deceleration of the current driving force.

Average Directional Movement Index (ADX) Average Directional Movement Index (ADX)

The Average Directional Movement Index Indicator (ADX) helps to determine if there is a price trend.

Lot Rebate Calculator Lot Rebate Calculator

This script is used to calculate lot rebate.

Real Signal Real Signal

This indicator provides an easy way to find out the current direction of a pair.