How Do You Use Bollinger Percent B MT5 Technical Indicator?
Bollinger Percent B Indicator Analysis and Bollinger Percent B Buy & Sell Signals
Created by John Bollinger
Bollinger Percent B indicator is derived from Bollinger Bands.
Bollinger Percent B indicator is an oscillator which has 3 lines - 0, 50, 100
- 0 represents lower Bollinger Band
- 50 represents middle Bollinger Band
- 100 represents upper Bollinger Band
Bollinger Percent B indicator oscillates between these three points and this indicator shows where the price is in relation to the 3 Bollinger Bands.
How Do I Add Meta Trader 5 Bollinger Percent B Indicator in MT5 Charts
When the price touches upper Bollinger Band then the Bollinger Percent B indicator oscillator hits 100 - if the price moves above the upper Bollinger Band the Bollinger Percent B indicator oscillator moves to +100
When the price touches lower Bollinger Band then the Bollinger Percent B indicator oscillator hits 0 - if price moves below the lower Bollinger Band the Bollinger Percent B indicator oscillator moves to -0
When the price touches the middle Bollinger Band then the Bollinger Percent B indicator oscillator will be at 50.
Calculation of Bollinger Percent B Indicator
Percentage B = Price Close - Lower Band * 100
Upper Band - Lower Band
How to Generate Buy & Sell Signals
Bollinger Percent B indicator is used to interpret to what degree the price closes above or below any of the Bollinger Bands.
Buy Signal
Bollinger Percent B indicator Oscillator values above 50 are interpreted as forex trading buy signals.
Sell Signal
Bollinger Percent B indicator Oscillator values below 50 are interpreted as forex trading sell signals.
How to Add MT5 Bollinger Percent B Indicator in MT5 Charts
Step 1: Open MT5 Navigator Window
Open MT5 Navigator panel as illustrated below: Go to 'View' menu (click), then select 'Navigator' panel (click), or From Standard Tool Bar click 'Navigator' button or press keyboard MetaTrader 5 short-cut keys 'Ctrl+N'
On MetaTrader 5 Navigator window, choose "Indicators", by DoubleClick
How Do I Use MetaTrader 5 Bollinger Percent B Indicator?
How to Add Bollinger Percent B MT5 Indicator
Expand the menu by clicking the expand button (+) or double click the 'indicators' menu, after this the button will then appear as (-) & will now display a list of MT5 indicators as shown below - choose the Bollinger Percent B indicator from this list of MT5 indicators so that you can add the Bollinger Percent B MT5 technical indicator in the MT5 chart.
How Do I Use MetaTrader 5 Bollinger Percent B Indicator?
How Install and Add Custom Bollinger Percent B Indicator on MetaTrader 5?
If the MT5 indicator that you want to add on the MT5 charts is a custom MT5 indicator - for example if the Bollinger Percent B indicator that you want to add is a custom MT5 indicator you will need to first add this custom Bollinger Percent B MT5 technical indicator in the MT5 platform and then compile this custom Bollinger Percent B indicator so that this newly added Bollinger Percent B MT5 custom indicator appears on the custom indicators list in the MT5 platform.
To learn how to add Bollinger Percent B indicators in MetaTrader 5 - how do you add Bollinger Percent B indicator window to MT5 platform? - how do you add Bollinger Percent B custom indicator on MT5? - How to add a custom Bollinger Percent B custom indicator on MetaTrader 5.
How Do I Use MetaTrader 5 Bollinger Percent B Indicator?
