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

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

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

Bollinger Percent B Forex Technical Analysis Forex 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 price is in relation to the 3 Bollinger Bands.

%b indicator - Forex Bollinger Percent B Expert Advisor 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

Percent B = Currency Price Close - Lower Band * 100

Upper Band - Lower Band

Technical Analysis and Generating 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 signal.

% b Bullish Buy Signal - Forex Bollinger Percent B Expert Advisor Setup

Sell Signal

Oscillator values below 50 is a bearish signal.

%b Bearish Sell Signal - Forex Bollinger Percent B Expert Advisor Setup