Bollinger Percent B Bitcoin Trading Analysis and Bollinger Percent B Bitcoin Trading Signals
Developed by John Bollinger
Percent B indicator is derived from Bollinger Bands.
This is an oscillator which has 3 lines - 0, 50, 100
- 0 represents lower Band
- 50 represents middle Band
- 100 represents upper Band
Percent B oscillates between these three points and it shows where the btcusd price is in relation to the 3 Bollinger Bands.
%b indicator
When the btcusd price touches the upper band then the oscillator hits 100, if btcusd price moves above the upper band the oscillator moves to +100
When the btcusd price touches the lower band then the oscillator hits 0, if btcusd price moves below the lower band the oscillator moves to -0
When the btcusd price touches the middle band then the oscillator will be at 50.
Calculation
Percent B = Bitcoin Price Close - Lower Band * 100
Upper Band - Lower Band
Bitcoin Trading Analysis and Generating Bitcoin Trading Signals
Percent B indicates to what degree the btcusd price closes above or below any of the bands.
Buy Bitcoin Trading Signal
Oscillator values above 50 is a bullish signal.
% b Bullish Buy Bitcoin Trading Signal
Sell Bitcoin Trading Signal
Oscillator values below 50 is a bearish signal.
%b Bearish Sell Bitcoin Trading Signal
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