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Bollinger Percent B Expert Advisor Setup - Setting Up Bollinger Percent B Expert Advisor

Bollinger Percent B Expert Advisor Setup - Setting Up Bollinger Percent B Expert Advisor - A trader can come up with an Bollinger Percent B Expert Advisor based on the awesome indicator explained below.

Bollinger Percent B Expert Advisor rules can be combined with other indicators to come up with other EA Bots that trade using rules based on two or more indicators combined to form a system.

Bollinger Percent B Technical Analysis Signals

Created by John Bollinger

Percent B indicator is derived from Bollinger Bands.

This is an oscillator technical indicator 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.

What is Bollinger %B Indicator? - Percent B Indicator Example Explained

%b indicator - Bollinger Percent B EA Setup

When the price touches the upper band then the oscillator hits 100, if the price moves above the upper band the oscillator technical indicator moves to +100

When the price touches the lower band then the oscillator hits 0, if price moves below the lower band the oscillator trading moves to -0

When the market price touches the middle band then the oscillator technical indicator will be at 50.

Calculation

Percent B = Currency Price Close - Lower Band * 100

Upper Band - Lower Band

Forex Technical 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 Indicator values above 50 is a bullish signal.

Bollinger Percent % B Indicator Buy Signal - Bollinger Percent B Indicator Described

% b Bullish Buy Signal - Bollinger Percent B Expert Advisor Setup

Sell Trading Signal

Oscillator Trading Indicator values below 50 is a bearish signal.

Bollinger Percent B Indicator Bearish Sell Signal

%b Bearish Sell Signal - Bollinger Percent B EA Setup

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