What is BB B Indicator?
What is BB B Indicator?
Indicator Type: Standalone – Interactive Charts Only. Bollinger Band Percent (BB %B) quantifies a symbol’s price relative to the upper and lower Bollinger Band. There are six basic relationship levels: %B equals 1 when price is at the upper band. %B equals 0 when price is at the lower band.
How do you use MACD with Bollinger Bands?
The MACD indicator supports the bullish trade as the MACD line has crossed the signal line and continues to move above the signal line, showing strong upward momentum. The Bollinger Band® then confirms the move to the upside as price begins to “walk the band” on increased volatility (expansion of the band).
How do you use BB %b indicator?
How this indicator works
- If the closing price is equal to the upper Bollinger BandOpens in a new window value, Percent B would be 100 (percent).
- If the closing price is above the upper Bollinger Band, Percent B would be greater than 100.
- If the closing price is equal to the moving average, Percent B is 50 percent.
Which indicator works best with Bollinger Band?
Best indicator to use with Bollinger Bands The best combination of technical indicators is the RSI – a momentum indicator with Bollinger Bands – a trend-following indicator.
What is the MACD signal line?
MACD Signal line is the 9-day EMA of the MACD indicator and is used to identify turns. Signal line crossovers are the most common MACD signals. A bullish crossover occurs when the MACD turns up and crosses above the signal line. A bearish crossover occurs when the MACD turns down and crosses below the signal line.
How do you use MACD strategy?
An example MACD trading strategy
- LONG/SHORT: Take long MACD signals when price is above the 200 period-moving average.
- ENTRY: Buy when the MACD crosses over the zero line.
- EXIT: Sell at a profit or loss when the MACD crosses below the zero line.
How accurate is MACD indicator?
It is 49% accurate at predicting the future price movements of a random stock. Which stocks have the highest probability of having their future prices forecast correctly, as well as which ones have the lowest.
Is MACD reliable indicator?
Though invented in the seventies, MACD is still considered one of the most reliable momentum traders’ indicators. As the name suggests, MACD is all about the convergence and divergence of the two moving averages.
What is BB trade?
Basically, the Bollinger Bands work as an oscillator measurer. It indicates whether the market has high or low volatility, as well as overbought or oversold conditions. The main idea behind the BB indicator is to highlight how prices are dispersed around an average value.
What is BB MACD MetaTrader indicator?
Please disable AdBlock or whitelist EarnForex.com. Thank you! BB MACD MetaTrader indicator — is a basic MACD (Moving Average Convergence Divergence) indicator variation, which helps in detecting the trend change points and measuring the current trend’s strength.
What are the Bollinger Bands in the BB MACD indicator?
In the BB MACD indicator the Bollinger bands indicate the strength of the trend and the MACD indicates the direction of the trend. Successful traders make trading decisions with confluence of indicators.
What is the best indicator for Forex trading?
This is the best Forex indicator for those who tends to maintain a clear chart and happy to go in with a very simple but strongly effective trading tool. Custom BB MACD Indicator doesn’t really need to depend on other technical tools to generate trading signals. It is a standalone indicator.
What do the dots mean in MT4 and MT5 indicators?
The change of the dots’ color is a good signal provider, while the width of gap between the two lines indicates the strength of the current trend. This indicator is available for MT4 and MT5. FastLen (default = 12) — the period of the fast moving average (the one with the lowest period), which is used in this indicator’s dots calculations.