Stoller Average Range Channel Bands (STARC)
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    Stoller Average Range Channel Bands (STARC)

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    Article Summary

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    Stoller Average Range Channel Bands (STARC) is an indicator that plots two bands (support and resistance levels) above and below a security price's Simple Moving Average (SMA). Likewise Bollinger Bands (BB), STARC creates bands around a simple moving average, the only difference that BB uses standard deviations for calculation while STARC uses the Average True Range (ATR) valuesThe upper band (STARC+) is calculated by adding the ATR value to SMA. The lower band (STARC-) is calculated by subtracting the value of ATR from the SMA.

    STARC Band+ = SMA + (Multiplier x ATR)
    STARC Band- = SMA - (Multiplier x ATR)

    where:
    SMA – Simple Moving Average
    ATR – Average True Range
    Multiplier – a multiplier factor to apply to ATR

    Stoller Average Range Channel BandsStoller Average Range Channel Bands

    INPUTS

    Price
    The following data sources are available for the price:
    • Open. The Open Price of every bar for the specified period.
    • High. The High Price of every bar for the specified period. 
    • Low. The Low Price of every bar for the specified period.
    • Close. The Close Price of every bar for the specified period. 
    • Median. The Median Price of every bar for the specified period - (High + Low) / 2.
    • Typical. The sum of High, Low, and Close prices divided by 3 for the specified period- (High + Low + Close) / 3.
    • OHLC average. The arithmetical mean of High, Low, Open, and Close prices for the specified period - (Open + High + Low + Close) / 4.
    • Volume. The Close Price of every bar + average volume of an asset for the specified period.
    InputDescription
    AtrLengthThe number of bars used to calculate ATR
    SmaLengthThe number of bars used to calculate SMA
    DisplaceThe displacement of the indicator in bars
    MultiplierFartorThe number that is applied to ATR

    PLOTS

    The plot renders the data you are working with on the chart. You can show/hide a plot by clicking the corresponding item in the settings. Every plot has a set of basic settings that you can change: color, weight, and type.

    PlotDescription
    LowerBandThe lower band
    MidLineThe Simple Moving Average plot
    UpperBandThe upper band 
    Color

    Click the color rectangle under the plot's name to open the palette. Use the slider at the bottom to set the opacity of the color.

    Palette

    To create a custom color:

    1. Clickto open the color picker
    2. By using the slider at the bottom, adjust the main color
    3. Then, set a shade for the main color on the palette

    The custom-created colors are added to your palette. To remove a custom color, drag it out of the palette.

    Weight
    Change the value (in px) to adjust the thickness of the plot.
    Type
    The following plot types are available:
    • Linear. The plot is displayed as a line.
    • Column. The plot is displayed as a histogram.
    • DifferenceThe plot is displayed as a line which represents the difference between High and Low prices of the bar.
    • PointsThe plot is displayed as points.
    • Text above candleThe plot is displayed as the price labels above candles on the chart.
    • Text below candleThe plot is displayed as the price labels below candles on the chart.
    • Triangle above candleThe plot is displayed as triangles above candles on the chart.
    • Color candle. The candles on candle-type charts are highlighted with specified colors.

    OVERLAYING

    Check Overlaying to display the indicator on the chart. Otherwise, the indicator is shown in a study pane down below.

    Note: To reset the settings, click Restore to Default next to the SETTINGS: INDICATOR'S TITLE