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 three points and it shows where the price is in relation to the 3 Bollinger Bands.
%b indicator
When the price touches upper band then the oscillator hits 100, if price moves above the upper band the oscillator trading moves to +100
When the price touches lower band then the oscillator hits 0, if the price moves below the lower band the oscillator technical indicator moves to -0
When the price touches the middle band then the oscillator trading indicator will be at 50.
Calculation
Percent B = Currency Price Close - Lower Band * 100
Upper Band - Lower Band
Forex Analysis & How to Generate Signals
% B indicates to what degree the market price closes above or below any of the bands.
Buy Trading Signal
Oscillator Technical values above 50 is a bullish.
% b Bullish Buy Trading Signal
Sell Trade Signal
Oscillator Trading Indicator values below 50 is a bearish.
%b Bearish Sell Trade Signal
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