Variable List Abbreviation: BBand%B
Variable Mode(s): Standard, Stock, Futures1, and Futures2
[ Note: uses selected close variable in Stock, Futures1, and Futures2 modes ]
Parameter(s): BBand%B time periods, BBand%B StndDev multiplier
Relates current price to the high and low Bollinger Bands. The value of %B is essentially the current price position in the band expressed as a percent of the band width. Values over 100% indicate a price above the high band. Values below 0% indicate a price below the low band. Values between 0% and 100% indicate a price within the Bollinger Bands.
100 * ( value - Bollinger Band Low ) .
(Bollinger High Band - Bollinger Low Band)
Note: if (Bollinger High Band - Bollinger Low Band = 0) then BBand%B = 50