Bollinger Percent B Bitcoin Analysis & Bollinger Percent B Signals
Developed by John Bollinger
Percent B indicator is derived from Bollinger Band.
This is an oscillator which has 3 lines - 0, 50, 100
- 0 represents lower Band
- 50 represents middle Band
- 100 represents upper Band
Percent B oscillates between these three points and it shows where the bitcoin price is in relation to the 3 Bollinger Band.
%b indicator
When the bitcoin price touches/tests the upper band then the oscillator hits 100, if bitcoin price moves above upper band the oscillator moves to +100
When the bitcoin price touches the lower band then the oscillator hits 0, if bitcoin price goes below lower band the oscillator moves to -0
When the bitcoin price touches the mid band then the oscillator will be at 50.
Calculation
Percentage B = Bitcoin Price Close - Lower Band * 100
Upper Band - Lower Band
Bitcoin Crypto Currency Analysis & Generating Signals
Percent B shows to what degree the bitcoin price closes above or below any of the bands.
Buy Signal
Oscillator Technical values above 50 is a bullish signal.
% b Bullish Buy Signal
Sell Signal
Oscillator Technical values below 50 is a bearish signal.
%b Bearish Sell Signal
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