HPotter

STARC Bands Backtest

A type of technical indicator that is created by plotting two bands around
a short-term simple moving average ( SMA ) of an underlying asset's price.
The upper band is created by adding a value of the average true range
(ATR) - a popular indicator used by technical traders - to the moving average.
The lower band is created by subtracting a value of the ATR from the SMA .
STARC is an acronym for Stoller Average Range Channels. The indicator is
named after its creator, Manning Stoller.

You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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Comments

Is this the same indicator created in the past ? Because I see few STARC indicators from you in the Public Library
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