How to Add Bollinger Percent B on MT4 Charts - Adding MT4 Bollinger Percent B Indicator

Step 1: Open Navigator Window Panel on Forex Trading Platform

Open Navigator window as shown & illustrated below: Go to "View" menu (click on it), then select "Navigator" window (click), or From Standard Tool Bar click the "Navigator" button or press keyboard short cut keys "Ctrl+N"

On Navigator window, select 'Technical Indicators', (DoubleClick)

How to Add Bollinger Percent B Indicator on MetaTrader 4 - MT4 Bollinger Percent B Technical Indicator

Step 2: Expand the Indicators Menu on the Navigator - Adding Bollinger Percent B MT4 Indicator

Expand the menu by clicking the expand button marker (+) or double click the "indicators" menu, after this the button will appear as (-) and will now display a list as shown below - select the Bollinger Percent B forex chart indicator from this list of forex indicators so as to add the Bollinger Percent B indicator on the forex chart.

How to Add Bollinger Percent B Indicator - From the Above window you can then place Bollinger Percent B indicator that you want on the Forex chart

How to Add Custom Bollinger Percent B Indicator to MT4

If the technical indicator you want to add is a custom indicator - for example if the Bollinger Percent B technical indicator you want to add is a custom indicator you will need to first add this custom Bollinger Percent B indicator on the MetaTrader 4 platform & then compile custom Bollinger Percent B indicator so that the newly added Bollinger Percent B custom indicator pops up on the list of custom indicators in MetaTrader 4 software.

To learn how to install Bollinger Percent B indicators on MT4, how to add Bollinger Percent B indicator window to MT4 and how to add Bollinger Percent B custom indicator in MT4 - How to add a custom Bollinger Percent B indicator on MetaTrader 4.

About Bollinger Percent B Technical Indicator Described

Bollinger Percent B Forex Technical 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

FX Technical Analysis & Generating Signals

Percent B indicates to what degree the price closes above or below any of the bands.

Buy Trading Signal

Oscillator values above 50 is a bullish trading signal.

% b Bullish Buy Signal

Sell Forex Signal

Oscillator values below 50 is a bearish signal.

%b Bearish Sell Signal