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Time and Money chart (HURST Band Like) for Amibroker (AFL)

2 / 5 (Votes 3)

I would like to tell you about a formula introduced in May 2003 TRADERS’ TIPS magazine.

In “Time And Money Charts”, Stuart Belknap presented a new charting technique, called TAM chart.

Prices tend to regress toward the mean, which is represented by the red centerline on the TAM chart (HURST Bands Like). The three bands above and below and paralleling the centerline represent one, two and three sigmas of the actual data points from the mean centerline.
Listing above shows the code that plots the TAM chart with price and real-time trendlines.

Here is a screenshot of how the indicator looks:

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Excellent Indicator…

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