[Free] Bollinger %B

Description

Platform

Availability for:

• NinjaTrader 7 platform: AVAILABLE NOW
• NinjaTrader 8 platform: AVAILABLE NOW

Overview

%B represents the location of the input price in relationship to upper Bollinger band & lower Bollinger band. This is a useful indicator for overbought/oversold identification. There are 7 basic relationships that can be quantified:

• %B > 100: The input price is above the upper band
• %B = 100: The input price is exactly on the upper band
• %B > 50: The input price is above the middle band
• %B = 50: The input price is exactly on the middle band
• %B < 50: The input price is below the middle band
• %B = 0: The input price is exactly on the lower band
• %B < 0: The input price is below the lower band

Key features:

• Plot the Bollinger %B
• Let you choose among 9 popular moving-average types for the underlying Bollinger middle line
• Let you optionally smooth the underlying Bollinger middle line
• Colorize the plot with gradient based on the value of %B
• Be NinjaScipt ready for advanced usage, only restricted by your imagination NT8 only

NinjaScript readiness:

• Can be used in Market Analyzer
• Can be used in Strategy Builder
• Can be used in BloodHound
• Can be used in 3rd-party indicators, strategies, products
• Professional & clean signature for easy calling

Compatibility:

• Instruments: CFDs, forex, futures, indices, options, stocks
• Interval types: timebased or non-timebased, standard or custom
• Chart styles: whatever

Usability:

• Ready to use out of the box
• Fully configurable & customizable with ease

Media

Installation

Please read Installation Guide for details.

Download

Please hit the nice button below to go to a special page where you can download this freebie instantly. You will also have the download access to ALL of ninZa.co's freebies ($1000+ value).