a short-term ( ) of an underlying asset's price.
The upper band is created by adding a value of the
(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 .
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
- For purpose educate only
- This script to change bars colors.
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.