History

moshferatu 7ee21cf211 Trivial change of spacing in %B indicator documentation		2024-09-27 06:38:13 -07:00
..
screenshots	Add screenshot to %B indicator documentation	2024-09-27 06:37:11 -07:00
PercentB.cs	Remove NinjaScriptProperty attributes from plot properties so that strategies based on the %B indicator are not required to pass them into the constructor	2024-09-26 06:31:37 -07:00
README.md	Trivial change of spacing in %B indicator documentation	2024-09-27 06:38:13 -07:00

%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)

%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)

The %B strategy taken from High Probability ETF Trading (2009) by Larry Connors is based on this indicator.