Forex Stoller Average Range Channels Indicator
Forex Stoller Average Range Channels Indicator Developed by Manning Stoller in the early 1980s, the bands will contract and expand depending on the fluctuations in the average true range component.
STARC (or Stoller Average Range Channels) bands are calculated to incorporate market volatility.
The original Stoller formula is:
Upper Band: SMA(6) + 2 * ATR(15)
Lower Band: SMA(6) – 2 * ATR(15)
The function of Starc Bands is different than other Bands based indicators.
If price action rises to upper band there is a high risk to buy and a lower risk to sell. As inverse, if price action rises to lower band there is a high risk to sell and a lower risk to buy.
What does Forex Indicator mean?
A forex indicator is a statistical tool that currency traders use to make judgements about the direction of a currency pair’s price action. Forex indicators come in many types, including leading indicators, lagging indicators, confirming indicators and so on. Popular forex indicators include moving averages, relative strength index (RSI) and average true range (ATR). A forex trader must choose the indicators that fit his or her trading strategy.
How to install Forex Stoller Average Range Channels Indicator?
- Download Forex Stoller Average Range Channels Indicator.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex indicator
- Load indicator on your chart
How to uninstall Forex Stoller Average Range Channels Indicator?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.