Bollinger Percent B Technical Analysis & Bollinger Percent B Signals
Created by John Bollinger
Percentage B indicator is derived from Bollinger Bands.
This is an oscillator which has 3 lines - 0, 50, 100
- 0 represents lower Band
- 50 represents middle Band
- 100 represents upper Band
Percentage B oscillates between these 3 points and it shows where the price is in relation to the Three Bollinger Bands.
%b indicator
When the price touches the upper band then the oscillator hits 100, if gold price moves above the upper band the oscillator moves to +100
When the price touches the lower band then the oscillator hits 0, if gold price moves below the lower band the oscillator moves to -0
When the price touches the middle band then the oscillator will be at 50.
Calculation
Percent B = Price Close - Lower Band * 100
Upper Band - Lower Band
Technical Analysis & Generating Signals
Percent B indicates to what degree the price closes above or below any of the bands.
Buy Signal
Oscillator values above 50 is a bullish signal.
% b Bullish Buy Signal
Sell Signal
Oscillator values below 50 is a bearish signal.
%b Bearish Sell Signal
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Alternatives: Automated Robots EAs or Copy Paste Signals
