moshferatu/ninjatrader
1
0
Fork 0
Code Issues Pull Requests Packages Projects Releases Wiki Activity

Add description to %B indicator documentation

Browse Source
This commit is contained in:
moshferatu 2024-09-27 05:39:59 -07:00
parent 643c195e8c
commit e57e1e3069
1 changed files with 16 additions and 0 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

16
indicators/%b/README.md
View File

@ -1,5 +1,21 @@
# %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.
## 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.