Bollinger Bands - Percentage

Bollinger Bands - Percentage is calculated on the basis of the Bollinger Bands indicator. It is a percentage difference between the current price and Bollinger levels.

The indicator view on the chart..

The indicator has the following parameters:

Settings

Calculation Mode

• Bottom Band - comparison of the price with the lower Bollinger level.
• Middle Band - comparison of the price with the middle Bollinger level.

Period - period of the Bollinger Bands indicator.

Channel Width - channel width between the upper and lower Bollinger levels.

Common

Source - setting of the indicator calculation parameters:

• Open
• High
• Low
• Close
• Volume

Drawing
Panel - selection of the indicator location in the chart:

• New panel
• Chart

Visualization

Show value - display of the indicator value on the price scale.

Show zero values - display of zero values.

Scale/Auto-scaling - if this option is enabled, the scale will be automatically calculated based on the minimum and maximum indicator values, so that the indicator would fit on the chart.

Color

Visual type - visual setting of the indicator display in the chart:

• Line
• Histogram
• Hash
• Block
• Cross
• Square
• Dots
• Up arrow
• Down arrow
• Axis label
• Hide

Line style - setting of the line display style:

• Dot
• Solid
• Dash
• Dash - dot
• Dash - dot - dot

Width - setting of the indicator line width.

Automatic coloring of the channel according to the direction of the line (up or down).

▪ The channel is colored red where the lines go down;

▪ The channel is colored green where the lines go up;

The user can customize the colors themselves.