Acceleration bands created by Price Headley are set as an envelope around a moving average. The upper and
lower bands are of equal distance from the middle band.
Two consecutive closes outside Acceleration Bands suggest an entry point in the direction of the breakout
(either bullish or bearish). A long position is usually kept till the first close back inside the bands.
Param: interval
The interval that is being used for the three moving averages which create lower, middle and upper bands
Param: width
A coefficient specifying the distance between the middle band and upper/lower bands
Acceleration Bands (ABANDS) Type: Volatility
Acceleration bands created by Price Headley are set as an envelope around a moving average. The upper and lower bands are of equal distance from the middle band.
Two consecutive closes outside Acceleration Bands suggest an entry point in the direction of the breakout (either bullish or bearish). A long position is usually kept till the first close back inside the bands.
Param: interval
The interval that is being used for the three moving averages which create lower, middle and upper bands
Param: width
A coefficient specifying the distance between the middle band and upper/lower bands
Param: SmoothingIndicator
Which moving average (SMA, EMA, ...) to use
See