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  • Percentile Bollinger (% B) Indicator

Percentile Bollinger (% B) Indicator

  • Posted by Abhilash Bandari
  • Date December 7, 2020
  • The percentile Bollinger is a technical indicator which uses Bollinger bands to analyse the stock market. The closing price of each session is reflected as a percentage of the upper and lower band value .

This is the 1 day chart of Maruti Suzuki India around Jan-Aug, 2020

 

Formula for percentile B:

  1. %B = ( (Closing price – Lower band)/(Upper band – Lower band)) * 100
  • If the closing price is equal to the lower band, then %B = 0
  • If the closing price is equal to the upper band, then %B = 100%
  • If the closing price is equal to the SMA, then %B = 50%
  • If the closing price is lower than the lower band, then %B < 0
  • If the closing price is higher than the upper band, then %B > 100%

 

  • Whenever there is an upward trend, traders need to wait for the %B value to exceed 100% because a value above 100% indicates that the stock is overbought.
  • As soon as the %B value crosses 100%, it indicates a potential downward trend and traders can go short in the rally. Existing traders can exit their long positions and initiate long unwinding.
  • Similarly, whenever there is a downward trend, traders need to wait for the %B value to fall below 0 because a value below 0 indicates that the stock is oversold.
  • As soon as the %B value goes below 0, it indicates a potential upward trend and traders can go long in the rally. Existing traders can exit their short positions and initiate short covering.
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Abhilash Bandari

Previous post

Bollinger Band Width Indicator
December 7, 2020

Next post

Money Flow Index (MFI) Indicator
December 9, 2020

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Company Summary

Bajaj Electricals Limited is engaged in engineering and projects; power distribution, illumination and consumer durables businesses.

It has a range of domestic and kitchen appliances comprising water heaters, room heaters, coolers, irons, mixers, induction cookers, toasters, kettles, microwave, rice cookers, gas stoves, non-electrical kitchen aids and pressure cookers.

It offers ceiling, table, pedestal, wall, fresh air and industrial fans, and lighting solutions, such as light sources, light emitting diode-based lighting products, domestic luminaires, torches and lanterns.

Key Highlights of Company Business

Segments and Products

The Company's business segments consist of

  1. Lighting;
  2. Consumer Durables;
  3. Engineering & Projects,

The Lighting segment includes lamps, tubes and luminaries.

The Consumer Durables segment includes appliances and fans.

The Engineering & Projects segment includes transmission line towers, telecommunications towers, highmast, poles and special projects.

The Others segment includes diecasting and wind energy.

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