Indices Bollinger %B Indices Expert Advisor Setup
Indices Bollinger %B Indices Expert Advisor Setup - Setting Up Bollinger %B Indices Expert Advisor - A Indices trader can come up with an Bollinger %B Indices Expert Advisor based on the awesome stock indices indicator explained below.
Indices Bollinger %B Expert Advisor rules can be combined with other indices indicators to come up with other EA Indices Trading Robots that trade using rules based on two or more indicators combined to form a stock indexes trading system.
Bollinger %B Indices Technical Analysis and Bollinger %B Indices 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 stock indexes price is in relation to the 3 Bollinger Bands.
%b indicator - Stock Indexes Bollinger %B Expert Advisor Setup
When the stock indexes price touches the upper band then the oscillator hits 100, if stock indexes price moves above the upper band the oscillator moves to +100
When the stock indexes price touches the lower band then the oscillator hits 0, if stock indexes price moves below the lower band the oscillator moves to -0
When the stock indexes price touches the middle band then the oscillator will be at 50.
Calculation
Percent B = Indices Price Close - Lower Band * 100
Upper Band - Lower Band
Indices Technical Analysis and Generating Indices Trading Signals
Percent B indicates to what degree the stock indexes price closes above or below any of the bands.
Buy Indices Trading Signal
Oscillator values above 50 is a bullish signal.
% b Bullish Buy Indices Trading Signal - Stock Indexes Bollinger %B Expert Advisor Setup
Sell Indices Trading Signal
Oscillator values below 50 is a bearish signal.
%b Bearish Sell Indices Trading Signal - Stock Indexes Bollinger %B Expert Advisor Setup
