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:
- 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.
Source - setting of the indicator calculation parameters:
Panel - selection of the indicator location in the chart:
- New panel
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.
Visual type - visual setting of the indicator display in the chart:
- Up arrow
- Down arrow
- Axis label
Line style - setting of the line display style:
- 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.
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