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