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Acceleration Bands are based on the average trading range for each day. Acceleration Bands are plotted around a simple moving average as the midpoint, and the upper and lower bands are calculated based on high and low prices.
Points of intersection with price tend to indicate the trend end or reversal.
With this MTF version Acceleration Bands, you can apply any time frame of Acceleration Bands to your current chart.
You can have Acceleration Bands of 15 or 60 minute on your 5 minutes chart, or having weekly Acceleration Bands on Daily chart.
As long as the secondary time frame is greater than the primary time frame.
For more customized Thinkorswim (TOS) and Ninjatrader (NT) indicator, Strategies, SCAN, Screener, Thinkscript and Ninjascript, please visit: www.patternsmart.com
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