Bollinger Percent B Analysis Signals
Developed by John Bollinger
Percent B indicator is derived from Bollinger Bands.
This is an oscillator which has Three lines - 0, 50, 100
- 0 represents lower Band
- 50 represents middle Band
- 100 represents upper Band
Percentage B oscillates between these three points & it shows where the price is in relation to the 3 Bollinger Bands.
%b indicator
When the price touches the upper band then the oscillator hits 100, if price moves above the upper band the oscillator moves to +100
When the price touches the lower band then the oscillator hits 0, if 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 = Currency Price Close - Lower Band * 100
Upper Band - Lower Band
Forex Analysis & How to Generate 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
What is a Trade Plan? - Written Plan Template Example
Alternatives: Automated EA Robots or Copy Paste Signals
