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.
Supported Trade Types
Exchange Website to monitor
Currency Pair to monitor for trade signals
Number of candles (or time periods) before an action is taken.
Standard deviation above the middle band.
Standard deviation below the middle band.
When the calculation result is equal or below this value, the indicator will generate a buy signal.
When the calculation result is equal or above this value, the indicator will generate a sell signal.
It is recommended to use this indicator during sideways markets to catch the dips and rises.