45 lines
1.5 KiB
Markdown
45 lines
1.5 KiB
Markdown
# %B
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The %B indicator is based on the position of price relative to the Bollinger Bands.
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It is calculated as follows:
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```
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%B = (Price - Lower Band) / (Upper Band - Lower Band)
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```
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Example values and positions relative to Bollinger Bands:
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* **%B = 1**: The price is exactly at the upper band.
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* **%B = 0**: The price is exactly at the lower band.
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* **%B = 0.5**: The price is at the midpoint between the bands (the moving average).
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* **%B > 1**: The price is above the upper band.
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* **%B < 0**: The price is below the lower band.
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## Parameters
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**Period**: The period to use in the Bollinger Bands calculation. (Default: 20)
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**Standard Deviations**: The standard deviation multiplier to use in the Bollinger Bands calculation. (Default: 2.0)
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## Plots
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**%B**: The value of price relative to the position of the Bollinger Bands. (Default: Yellow Solid Line 2px)
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**Upper Level**: The value of the upper level displayed by the indicator. (Default: 1.0)
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**Lower Level**: The value of the lower level displayed by the indicator. (Default: 0.0)
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**Upper Level Stroke**: The color and width of the upper level. (Default: Lime Green 3px)
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**Lower Level Stroke**: The color and width of the lower level. (Default: Red 3px)
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## Screenshots
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## Strategies
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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.
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