Bollinger Percent B Analysis Signals
Developed by John Bollinger
Percent B indicator is derived from Bollinger Band.
This is an oscillator trading which has 3 lines - 0, 50, 100
- 0 represents lower Band
- 50 represents middle Band
- 100 represents upper Band
Percentage B oscillates between these three3 points and it shows where the price is relative to the 3 Bollinger Band.
%b indicator
When the price touches/tests upper band then the oscillator hits 100, if price crosses above upper band the oscillator heads to +100
When the price touches/tests lower band then the oscillator hits 0, if the price crosses below lower band the oscillator technical indicator moves to -0
When the price tests/touches the mid band then the oscillator trading indicator will be at 50.
Calculation
Percent B = Currency Price Close - Lower Band * 100
Upper Band - Lower Band
FX Analysis and How to Generate Trading Signals
% B shows to what degree the price closes above/below any of the bands.
Buy Signal
Oscillator Technical readings above 50 is a bullish.
% b Bullish Buy Signal
Sell Trade Signal
Oscillator Indicator values/readings below 50 is a bearish.
%b Bearish Sell Trade Signal
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