Bollinger Percent B Technical Analysis Signals
Developed by John Bollinger
Percentage B indicator is derived from Bollinger Bands.
This is an oscillator MT5 indicator MT5 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 3 points & it shows where the price is in relation to the Three Bollinger Bands.
%b indicator
When the price touches the upper band then the oscillator MT5 indicator MT5 indicator hits 100, if trading price moves above the upper band the oscillator MT5 indicator MT5 indicator moves to +100
When the price touches the lower band then the oscillator MT5 indicator MT5 indicator hits 0, if trading price moves below the lower band the oscillator MT5 indicator MT5 indicator moves to -0
When the price touches the middle band then the oscillator MT5 indicator MT5 indicator will be at 50.
Calculation
Percent B = Currency Price Close - Lower Band * 100
Upper Band - Lower Band
Forex Analysis and Generating Signals
Percent B indicates to what degree the price closes above or below any of the bands.
Buy Signal
Oscillator MT5 Indicator values above 50 is a bullish signal.
% b Bullish Buy Signal
Sell Signal
Oscillator MT5 Indicator values below 50 is a bearish signal.
%b Bearish Sell Signal
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