ACCBANDS

Acceleration Bands

ACCBANDS is used to detect beginning of a rally or sell-off.

INTERPRETATION:

If price moves out of the band then it suggests a beginning of a new trend in the direction of breakout. General practice of using ACCBANDS is to buy when price closes for two consecutive days above the upper band and close the position when price closes inside band. Similarly, a short position can be created when price closes below lower band for two consecutive days and when price closes inside band the short position should be closed.

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