Bollinger Percent B EA Setup - Setting Up Bollinger Percent B Expert Advisor

Bollinger Percent B EA Setup - Setting Up Bollinger Percent B EA - A trader can come up with an Bollinger Percent B EA based on the awesome indicator explained below.

Bollinger Percent B EA rules can be combined with other Forex technical indicators to come up with other Expert Advisor Forex Robots that trade using rules based on two or more indicators combined to form a trading system.

Bollinger Percent B Forex Technical Analysis Signals

Developed by John Bollinger

Percent B indicator is derived from Bollinger Bands.

This is an oscillator which has Three lines - 0, 50, 100

• 0 represents lower Band
• 50 represents middle Band
• 100 represents upper Band

Percent B oscillates between these three points & it shows where the price is in relation to the 3 Bollinger Bands.

%b indicator - Bollinger Percent B EA Setup

When the price touches the upper band then the oscillator hits 100, if price moves above the upper band the oscillator moves to +100

When the price touches the lower band then the oscillator hits 0, if price moves below the lower band the oscillator moves to -0

When the price touches the middle band then the oscillator will be at 50.

Calculation

Percentage B = Currency Price Close - Lower Band * 100

Upper Band - Lower Band

Forex Trading Technical Analysis & How to Generate Signals

Percent B indicates to what degree the price closes above or below any of the bands.

Buy Signal

Oscillator values above 50 is a bullish trading signal.

% b Bullish Buy Signal - Bollinger Percent B EA Setup

Sell Trading Signal

Oscillator values below 50 is a bearish trading signal.

%b Bearish Sell Signal - Bollinger Percent B EA Setup