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Percent B Indicator

2

🌟 After 7 years I decided to release some of my own indicators and EAs for free.
If you find them useful please  Show support with a 5-star rating! Your feedback keeps the free tools coming! 👍🚀

See other my free tools as well here
_________________________________

📈 Bollinger %B Indicator for Enhanced Forex Trading Analysis

The Bollinger %B Indicator, expertly crafted in MQL4, is a dynamic 🚀 tool designed to revolutionize forex trading analysis. Leveraging the power of Bollinger Bands, it provides accurate and timely insights into market trends and potential trading opportunities.

Key Features:

  • Accurate Calculation 🔍: Utilizes the formula %B = (Current Price - Lower Band) / (Upper Band - Lower Band) for in-depth market analysis.
  • Market Insights 📊: Effectively identifies overbought (>1) and oversold (<0) conditions, offering early signals of potential market reversals.
  • Trend Analysis 📉📈: Determines the strength of market trends, with values around 0.5 indicating a balanced market scenario.
  • Divergence Detection ⚠️: Flags divergences between price movements and the %B value, a critical indicator of potential trend shifts.

Usage and Signal Interpretation:

  1. Setup 🛠️: Install the %B Indicator to your trading platform (Metatrader 4). Customize settings as needed to fit your trading strategy.
  2. Market Analysis 📡: Monitor the %B value in relation to your chosen currency pairs. Watch for values above 100 (overbought), below 0 (oversold), or around 50 (market balance).
  3. Signal Interpretation 🚦: Use overbought/oversold conditions as potential signals for market reversals. Confirm these signals with other technical indicators or market analysis for better accuracy.
  4. Trade Execution 💹: Execute trades based on the combination of %B Indicator signals and your overall market analysis. Always consider risk management strategies.

Whether you're a seasoned trader or just starting out, the %B Indicator is an invaluable addition to your toolkit 💼. It's designed to be user-friendly, providing clear, actionable data to inform your trading decisions.

For more information about the indicator, watch this informative video by John Bollinger.

Contact and Support 📞

For support or further information, please contact me at @amirghm on Telegram.

This tool is proudly brought to you by Wolfox Software Corp. (2020-2024) 🏢

Developed by Amir Hossein Ghasemi 🌟

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RSI with Bands
Amirhossein Ghasemi Moroodi
After 7 years, I've decided to release some of my own indicators and Expert Advisors (EAs) for free. If you find them useful, please  Show support with a 5-star rating! Your feedback motivates me to continue providing free tools. Explore my other free tools as well here . _________________________________ "RSI with Bands" Indicator – Better Trading Decisions The "RSI with Bands" Indicator combines the classic RSI with simple bands to show you clearer when to buy or sell. It's des
FREE
Bollinger Bandwidth Indicator
Amirhossein Ghasemi Moroodi
After 7 years I decided to release some of my own indicators and EAs for free. If you find them useful please  Show support with a 5-star rating! Your feedback keeps the free tools coming! See other my free tools as well here _________________________________ Bollinger Bandwidth Indicator for Advanced Market Volatility Analysis The Bollinger Bandwidth Indicator, meticulously developed in MQL4, is a sophisticated tool designed to elevate forex trading analysis. It harnesses th
FREE
ATR with Bands
Amirhossein Ghasemi Moroodi
After 7 years, I've decided to release some of my own indicators and Expert Advisors (EAs) for free. If you find them useful, please  Show support with a 5-star rating! Your feedback motivates me to continue providing free tools. Explore my other free tools as well here . _________________________________ ATR with Bands Indicator for Enhanced Market Volatility Analysis Introducing the ATR with Bands Indicator, expertly developed in MQL5, designed to take your forex market analysi
FREE
Volume MA
Amirhossein Ghasemi Moroodi
After 7 years I decided to release some of my own indicators and EAs for free. If you find them useful please  Show support with a 5-star rating! Your feedback keeps the free tools coming! See other my free tools as well here _________________________________ Volume Moving Average (Volume MA) Indicator for Advanced Forex Market Analysis Introducing the Volume Moving Average (Volume MA) Indicator, meticulously developed in MQL4, a pivotal tool for enhancing your forex trading str
FREE
Intraday Intensity Index
Amirhossein Ghasemi Moroodi
After 7 years I decided to release some of my own indicators and EAs for free. If you find them useful please  Show support with a 5-star rating! Your feedback keeps the free tools coming! See other my free tools as well here _________________________________ Intraday Intensity Index (III) for Precision Forex Trading The Intraday Intensity Index, meticulously developed in MQL4, is a cutting-edge tool designed for enhancing forex trading analysis. This indicator offers a deep
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Hector Manuel
223
Hector Manuel 2024.05.24 18:51 
 

Al configurar 2 períodos el indicador no funciona. MT4 se bloquea.

Amirhossein Ghasemi Moroodi
2472
Reply from developer Amirhossein Ghasemi Moroodi 2024.05.24 18:58
Hey Hector, thanks for your feedback
I will take a look at it and will back to you
Mehrdad ch
58
Mehrdad ch 2024.02.22 16:30 
 

User didn't leave any comment to the rating

Reply to review
Version 1.4 2024.03.06
Add Signal mode to the inputs
Version 1.3 2024.03.05
- new arrow signal added
- new color section added
- minor bug fixed
Version 1.2 2024.03.05
New! Add Bearish/Bullish arrow Signal
Version 1.1 2024.01.21
- Add deviation input
- Fix color format