Abbreviation: BB %B
Category: Time Series
Input Parameters:
| Name | Range | Default |
| Time Series | Close | |
| Periods | Int >= 2 | 20 |
| StndDev Multiplier | Real > 0.0 | 2 |
Calculation:
X – BB Low(X, n, mult)
‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘‘ * 100
BB High(X, n, mult) – BB Low(X, n, mult)
where
X = Time Series
n = Periods
mult = StndDev Multiplier
BB Low represents Bollinger Band: Low
BB High represents Bollinger Band: High
Discussion:
Provides a measure of the price relative to the Bollinger high and low bands. Values above 100 indicate a price that is above the high band. Values below 0 indicate a price that is below the low band. Values between 0 and 100 indicate a price that is between the high and low bands.