Acceleration Bands
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INDICATOR
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INDICATOR STUDY
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Acceleration Bands (ABANDS)
Description
The Acceleration Bands (ABANDS) created by Price Headley plots upper and lower envelope bands around a simple moving average. The width of the bands is based on the formula below.
Formula
Upper Band = Simple Moving Average (High * ( 1 + 4 * (High - Low) / (High + Low)))
Middle Band = Simple Moving Average
Lower Band = Simple Moving Average (Low * (1 - 4 * (High - Low)/ (High + Low)))
Example
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