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Acceleration Bands (ABANDS)

Description

The Acceleration Bands (ABANDS) created by Price Headley plots upper and lower envelope bands around a simple moving average. The width of the bands is based on the formula below.

Formula

Upper Band = Simple Moving Average (High * ( 1 + 4 * (High - Low) / (High + Low)))

Middle Band = Simple Moving Average

Lower Band = Simple Moving Average (Low * (1 - 4 * (High - Low)/ (High + Low)))

Example