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technical_indicators:bollinger_band_perce [2019/09/07 00:32] betseyp [%B Downtrend Scan] |
technical_indicators:bollinger_band_perce [2023/09/15 22:01] jayanthi [Introduction] |
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| ===== Introduction ===== | ===== Introduction ===== | ||
| - | %B quantifies a security's price relative to the upper and lower Bollinger Band. There are six basic relationship levels: | + | The %B Indicator measures a security's price in relation to the upper and lower Bollinger Bands. You can use it to identify overbought or oversold conditions and gauge trend strength. If you use it with other indicators, like the Money Flow Index (MFI), it can help you spot entry points within a given trend. Overall, the %B is a versatile tool that can help enhance your ability to analyze and respond to markets. |
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| + | There are six basic relationship levels: | ||
| * %B is below 0 when price is below the lower band | * %B is below 0 when price is below the lower band | ||