Bollinger Percent B Bitcoin Trading Analysis & Bollinger Percent B Trading Signals
Created 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
Percent B oscillates between these three points and it shows where the bitcoin trading price is in relation to the 3 Bollinger Bands.
%b indicator
When the bitcoin trading price touches the upper band then the oscillator hits 100, if price moves above the upper band the oscillator moves to +100
When the bitcoin trading 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
Percentage B = Bitcoin Price Close - Lower Band * 100
Upper Band - Lower Band
Bitcoin Analysis & Generating Trading 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 Trading Signal
Sell Trading Signal
Oscillator values below 50 is a bearish signal.
%b Bearish Sell Trading Signal
