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 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 - Bollinger Percent B EA Setup

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 Technical 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 - Bollinger Percent B Expert Advisor Setup

Sell Trading Signal

Oscillator values below 50 is a bearish signal.

%b Bearish Sell Signal - Bollinger Percent B EA Setup