WARNING: I have found that Starc indicator is UNSAFE! I generated an unbelievable profitable strategy using only this indicator.
GBP/USD, 1 Hour, Spread 5, Nothing, Reverse, (there will be no ambigious bars)
Smoothing method: Weighted
Base price: Open
MA period: 2
Use previous bar value: No
Exit at stoploss level
This simple strategy produces very high 13340 pips profit and very nice straight equity!
I tried to program Starc bands to Metatrader and I have studied the source code here:
I have found that Starc bands relies on another indicator: Average True Range witch depends on CURRENT High and Low. But the strategy above is designed for the current Open price so practically the High and Low should be unknown when computing the current Starc Bands. This is the reason why it is so simple and produces so high profit - it simply uses unknown future values.