%B Indicator

Posted by TazaTek on Jul 6th, 2008 in Free Indicators | 126 comments
%B Indicator

Summary

The %B Indicator normalizes the Bollinger Band price to fluctuate around zero, with the upper Bollinger band set to 100 and the lower Bollinger band to -100, for easier interpretation. The original author of the %B indicator appears to be Thomas Stridsman from a 1998 article in Futures magazine.

Screen Shots

Usage

The %B indicator seems to have many origins, and many discussions on how to use best use the %B indicator. Pierre Orphelin has gone on to say

” … In this sense, it behaves like Lambert’s CCI, rather than Wilder’s RSI”

. From what I’ve seen, read and understand, the %B indicator is very similar to the RSI, but take a gander for yourself, and if you get time to try the %B indicator, leave a post below and let us know what your opinion is.

Downloads

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Happy Trading!

  1. View all posts by TazaTek
    TazaTeks website
    About TazaTek
    TazaTek is a leading provider of indicators and strategies for all major trading platforms, including NinjaTrader, TradeStation, eSignal, MetaTrader, MetaStocks and more.

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