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Not familiar with that group, but here is a nice little band idea that I did
a while back. A takeoff on Keltner, but with a different length for ATR.
This is for TS8...it is end of bar update, and the -1 plots plot a
rounded-to-tick value on the current bar. Ain't nothin' worse than your band
moving after you use it to make a trade. I don't trade this stuff now, but
this is the best one I have ever used of this type. Try on tick charts, min
charts whatever.
Enjoy,
Chris
input: price(myprice), MA_len(20), ATR_len(80), ATR_mult(3),
color(rgb(255,50,50));
VAR: AvgTR(0), Avg(0), H2(0), L2(0), H1(0), L1(0), Trend(0),
SF(pricescale/minmove);
AvgTR =AvgTrueRange( ATR_len) ;
Avg =AverageFC(price,MA_len) ;
H2 = Avg + ATR_mult * AvgTR ;
L2 = Avg - ATR_mult * AvgTR ;
L1 = Avg - ATR_mult*.5 * AvgTR;
H1 = Avg + ATR_mult*.5 * AvgTR;
plot1(H2,"H2",color,0,1);
plot2(L2,"L2",color,0,1);
plot3(L1,"L1",color,0,0);
plot4(H1,"H1",color,0,0);
plot5(avg,"Av",color,0,1);
plot1[-1](Round(H2*SF,0)/SF,"H2",color,0,1);
plot2[-1](Round(L2*SF,0)/SF,"L2",color,0,1);
plot3[-1](Round(L1*SF,0)/SF,"L1",color,0,0);
plot4[-1](Round(H1*SF,0)/SF,"H1",color,0,0);
plot5[-1](Round(avg*SF,0)/SF,"Av",color,0,1);
----- Original Message -----
From: "Joe S" <jes333@xxxxxxxxxxxx>
To: "Omega-List@xxxxxxxxxx" <Omega-List@xxxxxxxxxx>
Sent: Friday, August 05, 2005 3:35 PM
Subject: Band Traders
> A few weeks ago, a post was made regarding the Acceleration Bands used
> on www.bandtraders.com. The comment that I remember was that they work
> "very very well". I was hoping whoever made the post (it might be a
> trader named Chris?) would elaborate on the rules they use to trade the
> bands. I would certainly appreciate the help.
>
> Thanks,
>
> Joe
>
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