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STARC Bands (NT)
- Categories: Indicator, NinjaTrader
- Tags: ATR, Bands
- Type: Free
The STARC Bands for NinjaTrader are a dynamic indicator that adjusts to market volatility, helping traders identify potential areas of price extremes.
Note: This download requires NinjaTrader 8 release 8.1.3 or newer.
Introduction to STARC Bands
The STARC (Stoller Average Range Channel) Bands for NinjaTrader, developed by Manning Stoller, are a dynamic indicator that adjusts to market volatility, helping traders identify potential areas of price extremes. Unlike fixed-width bands, STARC Bands use the Average True Range (ATR) to create flexible, volatility-sensitive support and resistance zones.
What are STARC Bands?
STARC Bands consist of three primary components:
- Middle Band: A short-term moving average of the chosen input price (e.g., close, high-low average).
- Upper Band: A line plotted above the middle band, calculated as the middle band plus a multiple of the ATR.
- Lower Band: A line plotted below the middle band, calculated as the middle band minus a multiple of the ATR.
These bands dynamically adjust based on market volatility, expanding during high volatility and contracting during low volatility. This makes them ideal for identifying price extremes in trending or range-bound markets.
Key Parameters
- Period: Determines the lookback for the moving average.
- ATR Period: Specifies the number of bars used to calculate the ATR.
- Multiplier: Adjusts the distance between the middle band and the upper/lower bands.
Features of STARC Bands
1. Volatility Sensitivity
STARC Bands expand and contract based on the ATR, offering a real-time reflection of market volatility. This makes them highly adaptive to changing conditions.
2. Customizable Settings
Traders can configure:
- Middle Band Type: Use simple, exponential, or other moving averages.
- ATR Period: Adjust the sensitivity to short-term or long-term price fluctuations.
- Multiplier: Change the band width to suit different trading strategies.
3. Dynamic Support and Resistance
The upper and lower bands act as dynamic support and resistance levels, guiding traders in identifying potential reversal or continuation zones.
4. Visual Clarity
STARC Bands provide a clean and intuitive visual representation of price movement relative to volatility, making them accessible for traders of all experience levels.
Review the screenshots for setup options.
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