STARC (Stoller Average Range Channels) bands make use of ATR to form the bands, giving it a more in-depth snapshot of market volatility compared to Bollinger Bands.
When a price curve penetrates a Bollinger Band, it may indicate the continuation of a price move; in contrast, the STARC bands tend to define upper and lower limits for normal price action.
Another trick I have seen suggested is to render both STARC and BB.
For ex.
QuantitativeExhaustion
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Watch AMZN for turnaround
m0n0lithic
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Hi! excellent!! but do you have the code for incorporate your analysis in my charts ?
LazyBear
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Click on the "Share" button on my chart (right top -- looks like an arrow). A dialog box opens up. Click on "Make mine". You will get a copy of my published chart. It has the source code. (click in "{}" icon next to the name of the indicator).
Your indicator is basically ATR added and substracted to the price.
Keltner channel is ATR added and substracted to the moving average.
LazyBear
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"Basis" is a SMA, not price as-is. Length suggested for SB is 5.
TomTom2017
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Hi, Lazy Bear,
Can i use this STARC Band channel for Daily chart stock market ? Thank you
Love your works.
dp
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Third, and hope last comment -- I just check Keltner channel with
Length = 8
Multiplyer = 2
Exponential = x
and the result is very close to STARC.
Regarding the strategy buying the lower band and selling the upper is considered lousy by people working with Keltner. At least in the simplest form. That's what I heard from traders.
Anyways, fascinated with your research and appreciate it.
For ex.