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In the realm of trading technical analysis, Bollinger Bands is a highly regarded indicator, known by nearly every trader. However, it comes with certain limitations, making market analysis more challenging. That’s why we developed Bollinger %B Pro, and you’re here to discover it – a more modern and more precise Ninjatrader Bollinger Bands indicator.
Bollinger %B Pro builds upon the traditional Bollinger Bands, offering a fresh perspective on market momentum and improving how traders interpret Bollinger Bands Percent B movement within a complete Ninjatrader Bollinger Band strategy.
What makes Bollinger %B Pro apart from the conventional Bollinger Bands?
Bollinger Bands | Bollinger %B Pro |
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Bollinger %B Pro benefits you with the following points…
1. Identifying overbought/oversold conditions
Bollinger %B Pro helps you identify more reliable overbought (OB) and oversold (OS) zones using two clearly defined %B threshold levels displayed in the subpanel:
- Threshold: Overbought: This level gauges the extent to which the price has approached or exceeded the upper Bollinger Band. When %B crosses a high threshold (near or above 100%), it indicates that the price is in an overbought zone and may reverse.
- Threshold: Oversold: This level measures the extent to which the price has approached or exceeded the lower Bollinger Band. When %B drops below a low threshold (near or below 20%), it indicates that the price is in an oversold zone and may reverse.

2. Providing 2 key signals
- BPB (short for Bollinger Percent B): Indicates strengthening bullish or bearish momentum.

- R (short for Resume): Signals the return of buying or selling momentum after a period of weakening.

3. Colorized candles based on momentum
Bollinger %B Pro dynamically adjusts the candle color intensity based on buying and selling momentum, helping you better visualize different phases of market strength.

Bollinger %B Pro was developed to leverage the strengths of traditional Bollinger Bands while addressing their shortcomings, offering an enhanced market momentum indicator that the standard Bollinger Bands fall short of providing. It provides insights that the standard tool simply cannot match, making it one of the most effective and modern variations of Bollinger Bands Percent B available for NinjaTrader 8.
If you’d like to explore more effective NinjaTrader indicators to elevate your trading, feel free to browse through our ninZa.co store and discover what fits your style.
Dedicated NinjaScript Signals
- Signal_Trend: 2 = uptrend strong, 1 = uptrend weak, -2 = downtrend strong, -1 = downtrend weak
- Signal_State: 1 = overbought, -1 = oversold, 0 = middle
- Signal_Trade: 2 = uptrend start, 1 = uptrend resuming, -2 = downtrend start, -1 = downtrend resuming, 0 = no signal
Software Changelog
- 19 Oct 2024:The marker tags were separated.
- 14 Oct 2024:The value range for the thresholds was removed.
- 12 Oct 2024:The indicator was released (built new).
Policies
Software license
Every purchase includes a perpetual software license, granting you the right to use the software indefinitely on the number of computers permitted by your license.
Installation & Onboarding
Every purchase includes guided installation assistance.
Purchases with Premium Services also include white-glove software setup and onboarding, along with personalized trading setup and workflow optimization.
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Software updates & upgrades are provided at no additional cost.
For products with a modular structure, this coverage applies to the core product, while optional expansion modules may be offered separately.
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Every purchase includes lifetime support via email & chat, delivered by our renowned Customer Care team – widely recognized throughout the trading community for its world-class service.
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Every purchase includes up to 3 complimentary remote assistance sessions, available within 30 days of purchase – with each session lasting up to 30 minutes.
Purchases with Premium Services include up to 6 sessions within 60 days of purchase, with priority scheduling and longer session durations.
Product exchange
Customers may request up to 3 product exchanges within 30 days of purchase, at little or no additional cost when exchanging for a comparable product.
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Returns & refunds
Due to the ease with which software products can be stored and copied, no returns will be accepted and no refunds will be issued.
ALL SALES ARE FINAL & NON-REFUNDABLE.







