Open topic with navigation
%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
Once the study is defined, you can elect to uncheck/check to remove and add the study to your chart.