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[New Horizon] When a Profit Factor of 1.2 beats 1.5

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[Live Trading] Expansion Entry Scalping Solution

[Live Trading] Expansion Entry Scalping Solution

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Bollinger %B Pro

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✦  Latest additions to the ninZa.co ecosystem

[Pre-order] Oracle Matrix: Build proven trading strategies with Context Intelligence - Explore the solution
[4 Aug] Expansion Entry Scalping Solution: [For scalpers] Trade the expansion, not the noise - Explore the solution
[22 Jul] RapidShape Ordering: Place pending orders with ONE draw - Explore the solution
[08 Jul] Auction ∆xis: Pure Intraday Support & Resistance - Explore the solution
[25 Jun] Captain Optimus Strong v2: Trader feedback shaped this upgrade - Explore the solution
[22 Jun] Highway Fractal Zone: Support & Resistance needs more than a swing - Explore the solution

Product Description

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

  • Consists of 3 lines: middle band, upper band, and lower band.
  • These bands indicate price volatility: the bands widen as
  • volatility increases, and contract as volatility decreases.
  • Directly shown on the price chart.
  • Easy to observe price movement outside of the bands (breakout).
  • Lacks a specific measurement indicator.
  • A simple indicator showing the position of the price in relation to the Bollinger Bands.
  • Determines the precise position of price within the Bollinger Bands.
  • Displayed as a separate line in the subpanel.
  • Easy to see where the price is relative to the upper and lower bands.
  • %B can be measured on a scale from 20 to 80, making it easier to quantify the price position.

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.
Bollinger %B Pro shows that price is in an oversold zone and could reverse.

2. Providing 2 key signals

  • BPB (short for Bollinger Percent B): Indicates strengthening bullish or bearish momentum.
Bollinger %B Pro indicates strengthening bullish or bearish momentum.
  • R (short for Resume): Signals the return of buying or selling momentum after a period of weakening.
Signals the return of buying or selling momentum from Bollinger %B Pro

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 dynamically adjusts the candle color intensity based on buying and selling momentum

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

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I'm a new customer with ninZa.co and i was needing help today in making a purchase. I made a request on your chat platform and Hannah came to my rescue. She helped me find the what I needed and even offered me a discount. Everything went very smoothly from that point. I made the purchase and she even provided me some documentation on the indicator. I am very pleased with her assistance. Thanks again Hannah for your excellent customer service !!

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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).

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