Bollinger Bands %B

Bollinger Bands %B or Percentage Bandwidth is an alternative implementation of the Bollinger Bands indicator. As with Bollinger Bands, this is a volatility indicator where the middle band is typically a 20 data point Simple Moving Average and the upper and lower bands generally have a deviation of 2. This indicator is unique and will provide different trade signals than Bollinger Bands. Buy signals are generated when the value of the %B is greater than 1, while sell signals are generated when the value of %B is less than 0.

Tip: Use during sideways markets or to confirm trends with reversed signals.

Interface

Supported license & Trade types

Supported License	Supported Trade Types
Beginner license	Spot trading
Simple license	Margin trading
Advanced license	Leverage trading

General Settings

• Exchange Website to monitor

• Currency Pair to monitor for trade signals

• Update Speed

• Trade Signals

Tip: The exchange doesn't have to be the same exchange you are currently trading on.

Indicator Settings

• Length

  • Number of candles (or time periods) before an action is taken.

• Dev Up

  • Standard deviation above the middle band.

• Dev Down

  • Standard deviation below the middle band.

Usage

It is recommended to use this indicator during sideways markets to catch the dips and rises.