Description
Acceleration Bands are based on the average trading range for each day. Acceleration Bands are plotted around a simple moving average as the midpoint, and the upper and lower bands are calculated based on high and low prices.
Points of intersection with price tend to indicate the trend end or reversal.
Input Parameters
| Parameter | Description |
|---|---|
length
|
The number of bars used to calculate the averages. |
Plots
| Plot | Description |
|---|---|
UpperBand
|
The upper Acceleration Band. |
MidPoint
|
The midpoint. |
LowerBand
|
The lower Acceleration Band. |
Example*
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.