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..

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The indicator has the following parameters:

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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.


Source - setting of the indicator calculation parameters:

  • Open
  • High
  • Low
  • Close
  • Volume

Panel - selection of the indicator location in the chart:

  • New panel
  • Chart


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:

  • 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.

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