OPEN-SOURCE SCRIPT
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: drive.google.com/file/d/0Bx48Du_2aPFnTVJrOUlmSnNpZ0k/edit?usp=sharing
* bigtrends.com/accelerationbands.pdf
* slideshare.net/BigTrends/price-headleys-simple-trading-system-using-acceleration-bands-r
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: drive.google.com/file/d/0Bx48Du_2aPFnTVJrOUlmSnNpZ0k/edit?usp=sharing
* bigtrends.com/accelerationbands.pdf
* slideshare.net/BigTrends/price-headleys-simple-trading-system-using-acceleration-bands-r
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 publication is governed by House rules. You can favorite it to use it on a chart.
List of my free indicators: bit.ly/1LQaPK8
List of my indicators at Appstore: blog.tradingview.com/?p=970
List of my indicators at Appstore: blog.tradingview.com/?p=970
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.