Description
The Stoller Average Range Channel (STARC) Bands are two bands plotted around a short-term simple (base) moving average. The bands are placed a specified number of Average True Ranges above and below the base moving average.
The Upper and Lower bands represent overbought and oversold price levels respectively.
Input Parameters
| Parameter | Description |
|---|---|
price
|
The price used to calculate the STARC Bands. |
atr length
|
The number of bars used to calculate the True Range moving average. |
sma length
|
The number of bars used to calculate the base moving average. |
displace
|
The number of bars to shift the STARC Bands. Positive numbers signify a backward displacement. |
multiplier factor
|
The factor to multiply the True Range average by, to define the offset of the bands from the moving average. |
Plots
| Plot | Description |
|---|---|
Upper_Band
|
The upper STARC Band. |
Middle_Band
|
The simple moving average. |
Lower_Band
|
The lower STARC Band. |
Example*
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.