Tymen ST A R C Bands
This software component for MetaTrader 5 is built to enhance the capabilities of your trading environment. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use Tymen ST A R C Bands
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
Description & Settings
The Tymen STARC Bands indicator - MA+ATR bands.
It has seven input parameters:
ATR period
- ATR calculation period
MA period
- MA calculation period
Method
- type of applied MA
Applied price
- price used for calculations
ATR coefficient
- ATR coefficient of external bands
ATR middle coefficient
- ATR coefficient of internal bands
Show middle lines
- display the middle MA line
The Moving Averages types which can be used for the Tymen STARC Bands:
Simple
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Exponential
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Smoothed
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Linear-Weighted
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Wilder Exponential
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Sine-Weighted
-
Triangular
-
Least Square
-
Hull MA by Alan Hull
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Zero-Lag Exponential
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Instantaneous Trendline by J.Ehlers
-
Moving Median
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Geometric Mean
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Regularized EMA by Chris Satchwell
-
Integral of Linear Regression Slope
-
Combination of LSMA and ILRS
- moving average - combination of and methods
Triangular MA generalized by J.Ehlers
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Volume-Weighted
-
Calculation:
Middle = MAHighest = MA + ATR coefficient * ATRTop = MA + ATR middle coefficient * ATRBottom = MA - ATR middle coefficient * ATRLowest = MA - ATR coefficient * ATR
where:
MA = MovingAverage(Applied price, MA period, Method)ATR = AverageTrueRange(ATR period)
