LazyBear

Indicator: Price Headley Accelaration Bands [LazyBear]

The Acceleration Band System was published in "Big Trends in Trading" by Price Headley in 2002             . The system designed to catch stocks as they start to trend but before they go parabolic. The system is simple but supposed to be very effective.

This system makes use of %R and ADX a lot to determine the entries/exits. Refer to the documents listed below for the complete set of rules.

More info:
* System Trading Rules: https://drive.google.com/file/d/0Bx48Du_2aPFnTVJrOUlmSnNpZ0k/edit?usp=sharing
* http://www.bigtrends.com/accelerationbands.pdf
* http://www.slideshare.net/BigTrends/price-headleys-simple-trading-system-using-acceleration-bands-r
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//
// @author LazyBear
//
// If you use this code in its orignal/modified form, do drop me a note. 
// 
study(title = "Price Headley Accelaration Bands [LazyBear]", shorttitle="PHAB_LB", overlay=true)
length=input(20)
ub=(high*(1+2*((((high-low)/((high+low)/2))*1000)*0.001)))
su=sma(ub, length )
lb=(low*(1-2*((((high-low)/((high+low)/2))*1000)*0.001)))
sl=sma(lb, length )
u=plot(su, color=blue, linewidth=2)
l=plot(sl, color=red, linewidth=2)
fill(u,l,gray, transp=90)
plot(avg(su,sl), style=3, color=gray)
need at least 2 consecutive closes outside of band for a real signal
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Not sure if I am reading this apple chart correctly LazyBear? Looks like a short signal on 23rd at 7am . The peak on the 24th at 8am is a retest and now we have the short continuing?
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LazyBear PRO littleriver
These bands are mainly used to catch the trends (stops during a hyperbolic rise, for ex). You will need more indicators to confirm entry/exits. All details on short/long entry/exit are listed @ https://docs.google.com/file/d/0Bx48Du_2aPFnTVJrOUlmSnNpZ0k/edit

For ex., these are the short trade setup & entry rules:

IF Price closes below the lower Acceleration Band for 2 consecutive days AND Williams%R(30) <= -80 AND ADX(14) >= 25 AND Slope(ADX(14), 2) >= 0 THEN
* (EOD) Enter Short MOO the next day
* (REAL TIME) Enter Short MOC 15 minutes before close
+1 Reply
Looks like this indicator would have worked today quite good :)

snapshot
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:)
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this is really a holy grail indicator for indian stocks
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incredibly good!

Thank you so much for letting us know about this concept and strategy
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