Bollinger Percent B MT4 Indicator Signals
Created by John Bollinger
Percent B MT4 Indicator is derived from Bollinger Bands.
This is an MT4 Indicator which has 3 lines - 0, 50, 100
- 0 represents lower Band
- 50 represents middle Band
- 100 represents upper Band
Percent B oscillates between these three points & it shows where the price is in relation to the 3 Bollinger Bands.
%b MT4 Indicator
When the price touches the upper band then the MT4 Indicator hits 100, if price moves above the upper band the MT4 Indicator moves to +100
When the price touches the lower band then the MT4 Indicator hits 0, if price moves below the lower band the MT4 Indicator moves to -0
When the price touches the middle band then the MT4 Indicator will be at 50.
Calculation
Percentage B = Currency Price Close - Lower Band * 100
Upper Band - Lower Band
MT4 Indicator and How to Generate Signals
Percent B indicates to what degree the price closes above or below any of the bands.
Buy Trading Signal
MT4 Indicator values above 50 is a bullish signal.
% b Bullish Buy Signal
Sell Forex Signal
MT4 Indicator values below 50 is a bearish signal.
%b Bearish Sell Signal
