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Percent B Indicator

%B quantifies a security's price relative to the upper and lower Bollinger Band. There are six basic relationship levels:

The default setting for %B is based on the default setting for Bollinger Bands (20,2). The bands are set two standard deviations above and below the 20-day simple moving average, which is also the middle band. The security price used is the closing price or the last trade.

To apply a Percent B Channel Indicator

  1. From within a chart, from the Edit menu select Studies.
  2. Choose Percent Band click Add to add the study to the Applied Studies group.
  3. Complete parameters as necessary.

Once the study is defined, you can elect to uncheck/check to remove and add the study to your chart.

Important Disclosures