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STARC - SToller Average Range Channels
This sounds like an interesting indicator. Unfortunately the accompanying code
is for MetaStock. If any of you have the EasyLanguage formula for this, or know how to getit, please let me know. Thanks


Stoller Starc Bands STARC bands create a channel surrounding a simple moving average. The width of the created channel varies with a period of the average range; thus the name ('ST' for Stoller, plus 'ARC' for Average Range Channel). STARC Bands, in a fashion similar to Bollinger Bands, will tighten in steady markets and loosen in volatile markets. However, rather than being based on closes, the STARC Bands are based on the average true range, thus giving a more in depth picture of the market volatility. While the penetration of a Bollinger Band may indicate a continuation ofa price move, the STARC Bands define upper and lower limits for normal price action.


Starc Upper Band
Fml( "STARC BAND" )+ (ATR(15)*1.33)

Starc Lower Band
Fml( "STARC BAND" )-(ATR(15)*1.33)

Any five day moving average will work.

STARC - SToller Average Range Channels

LMOV:= Input("Dlugosc sredniej -",2,100,6);
LATR:= Input("Dlugosc ATR -",2,100,15);
KATR:= Input("Krotnosc ATR -",0.1,10,2);

;{Upp} Mov(C,LMOV,S) + ( KATR * ATR(LATR) )
;{Mid} Mov(C,LMOV,S)
;{Low} Mov(C,LMOV,S) - ( KATR * ATR(LATR) )


Samuel K. Tennis

STARC Bands and Sibbet's Demand Index Illustrate Your Ability to Harness the Power of Programmable Software

Sam Tennis worked as a private consultant, writing multi-user office and financial applications, before Bill Cruz, president of Omega Research, Inc. hired him shortly after Omega's incorporation.

Sam was Omega's senior programmer for about six years, actively participating in the creation of EasyLanguage"!, the development and production of SystemWriter Plus"! and the development phases of Bridge-Telerate TradeStation"!. As the company expanded and the technical support burden grew, Sam advanced to senior software technician and charged with training the staff of the product support department. During his last four years with Omega, he assumed the simultaneous responsibility of coordinator of the client training and custom programming departments. This role involved both private and seminar-based field training of Omega clients. Due to this unique employment history, Sam Tennis has been acknowledged as the world's leading authority on Bridge-Telerate TradeStation's EasyLanguage programming.

Today, Sam is co-owner of VISTA Research and Trading, Inc., a Florida corporation. VISTA develops proprietary and custom programs for its clients, translating their unique individual desires into code, principally for use on Omega products such as Bridge-Telerate TradeStation"!. VISTA'S clients include some of the more important trading entities in the institutional field. VISTA publishes a very comprehensive newsletter about twelve times a year which contains information on new and existing technical analysis programs, news about Omega Research and hints and code solutions or workarounds to programming problems.

TOPIC: STARC Bands and Sibbet's Demand Index Illustrate Your Ability to Harness the Power of Programmable Software

Sam Tennis is the leading expert on Easy Language"!.
He wrote the original code. Using STARC Bands"! (Stoller's Average Range Channel) and Sibbet's Demand Index for illustration, Sam will teach you how to harness Bridge-Telerate TradeStation's¸ testing ability, as well as utilize the program's ability to notify you of signals you have specified. Although not presently built into TradeStation, these two studies--STARC Bands and Demand Index--are presently being used by knowledgeable technicians for analysis of cash currencies and fixed income items. Where volume data is available, the Demand Index can also be used on equities and futures.

STARC Bands are a popular and effective technique for helping traders determine the level of risk prior to entry. They use price and volatility to construct an indicator that never needs optimization. Most traders use STARC Bands just as they are defined, but for those who wish to improvise, the study represents a good programming point of departure for user modifications. Sam's discussion of the code for STARC Bands will allow anyone with even a little proficiency to do so. Sam will give you EasyLanguage code that can be reprogrammed to fit any good "programmable" technical analysis software package.

Sam will also describe Jim Sibbet's Demand Index and its usefulness as a major system component to traders for whom tick and or daily volume is available. This interesting tool is one of the few studies that uses volume and price. It is often overlooked because it is difficult to calculate by hand. (If done manually, the calculations would consume eighteen spreadsheet columns.)

All popular software packages, EasyLanguage included, share certain conventions and techniques. Sam will show you how to identify and use the conventions, thus simplifying the process of learning any programming language. Sam will teach you about the most common programming problems, showing you how to identify and correct the most common coding errors. Every computer programmer has a set of rules and guidelines for proper testing of a module or integrated system. Sam will share his view of this process and describe the manner in which he feels testing should be done.

Finally, Sam will discuss the resources (including applicable Internet resources) available to those wishing to start or expand their own testing capabilities and increase their knowledge of technical analysis.

Note: Remember that you do not have to be a programmer to understand and use the concepts presented in this workshop. You will benefit, no matter what software package you are using.


E-mail/web site

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