Percent B Indicator for TradeStation
%B Indicator
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.
KEY FEATURES
- Easy to use
- Profitable
- Similar to CCI
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
Chart Examples:
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.
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