ninjatrader/indicators/%b/README.md

# %B

The %B indicator is based on the position of price relative to the Bollinger Bands.

It is calculated as follows:

```
%B = (Price - Lower Band) / (Upper Band - Lower Band)
```

Example values and positions relative to Bollinger Bands:

* **%B = 1**: The price is exactly at the upper band.
* **%B = 0**: The price is exactly at the lower band.
* **%B = 0.5**: The price is at the midpoint between the bands (the moving average).
* **%B > 1**: The price is above the upper band.
* **%B < 0**: The price is below the lower band.

## Parameters

**Period**: The period to use in the Bollinger Bands calculation. (Default: 20)

**Standard Deviations**: The standard deviation multiplier to use in the Bollinger Bands calculation. (Default: 2.0)

## Plots

**%B**: The value of price relative to the position of the Bollinger Bands. (Default: Yellow Solid Line 2px)

**Upper Level**: The value of the upper level displayed by the indicator. (Default: 1.0)

**Lower Level**: The value of the lower level displayed by the indicator. (Default: 0.0)

**Upper Level Stroke**: The color and width of the upper level. (Default: Lime Green 3px)

**Lower Level Stroke**: The color and width of the lower level. (Default: Red 3px)

## Screenshots

![%B](https://static.moshington.com/images/indicators/%25b/%25b.png)

## Strategies

The [%B strategy](https://moshferatu.dev/moshferatu/ninjatrader/src/branch/main/strategies/%25b) taken from [*High Probability ETF Trading*](https://moshferatu.dev/moshferatu/high-probability-etf-trading) (2009) by Larry Connors is based on this indicator.

---
Initial commit of %B indicator README 2024-09-26 12:37:32 +00:00			`# %B`

Add description to %B indicator documentation 2024-09-27 12:39:59 +00:00			`The %B indicator is based on the position of price relative to the Bollinger Bands.`

			`It is calculated as follows:`

			```
			`%B = (Price - Lower Band) / (Upper Band - Lower Band)`
			```

			`Example values and positions relative to Bollinger Bands:`

			`* %B = 1: The price is exactly at the upper band.`
			`* %B = 0: The price is exactly at the lower band.`
			`* %B = 0.5: The price is at the midpoint between the bands (the moving average).`
			`* %B > 1: The price is above the upper band.`
			`* %B < 0: The price is below the lower band.`

Add parameters to %B indicator documentation 2024-09-27 13:29:56 +00:00			`## Parameters`

			`Period: The period to use in the Bollinger Bands calculation. (Default: 20)`

			`Standard Deviations: The standard deviation multiplier to use in the Bollinger Bands calculation. (Default: 2.0)`

Add level properties to plot section of %B indicator documentation 2024-09-27 13:33:14 +00:00			`## Plots`

			`%B: The value of price relative to the position of the Bollinger Bands. (Default: Yellow Solid Line 2px)`

Add parameters to %B indicator documentation 2024-09-27 13:29:56 +00:00			`Upper Level: The value of the upper level displayed by the indicator. (Default: 1.0)`

			`Lower Level: The value of the lower level displayed by the indicator. (Default: 0.0)`

Trivial change of spacing in %B indicator documentation 2024-09-27 13:38:13 +00:00			`Upper Level Stroke: The color and width of the upper level. (Default: Lime Green 3px)`
Add parameters to %B indicator documentation 2024-09-27 13:29:56 +00:00
			`Lower Level Stroke: The color and width of the lower level. (Default: Red 3px)`

Add screenshot to %B indicator documentation 2024-09-27 13:37:11 +00:00			`## Screenshots`

			`![%B](https://static.moshington.com/images/indicators/%25b/%25b.png)`

Mention and link to %B strategy in %B indicator documentation 2024-09-26 12:59:58 +00:00			`## Strategies`

			`The [%B strategy](https://moshferatu.dev/moshferatu/ninjatrader/src/branch/main/strategies/%25b) taken from [High Probability ETF Trading](https://moshferatu.dev/moshferatu/high-probability-etf-trading) (2009) by Larry Connors is based on this indicator.`

Initial commit of %B indicator README 2024-09-26 12:37:32 +00:00			`---`