John Bollinger created this indicator in 2010 as a way to read the original indicator (Bollinger Bands) in a more "technical" way, shown as an oscillator. The typical range of the Bollinger Bands %B is 0 - 0.5 - 1.0, where "0" represents the lower band, the "0.5" the middle band, and "1" the upper band. The line on the indicator represents the Closing prices. As simple as that.
SETTINGS
- Bollinger Bands period of analysis
- Standard Deviation multiplier
- Shift
- Price type to be analyzed
If you like this indicator, all I am asking is a little Review (not a Comment, but a REVIEW! )...
This will mean A LOT to me... And this way I can continue to give away Cool Stuff for Free...
With No Strings Attached! Ever!
Live Long and Prosper!
;)
