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Volatility

Bollinger %b

%b

Shows where the current close sits within the Bollinger Bands on a 0–1 scale: 0 means price is at the lower band, 1 means it is at the upper band. Values below 0 or above 1 indicate the price has broken outside the bands.

Tips

%b below 0 during a downtrend confirms a band-riding breakdown; avoid buying just because it looks “oversold”
Combine %b with BBW: a %b extreme while BBW is narrow (squeeze) is a high-probability breakout setup

Parameters

Period
2 - 100
Std Dev
0.5 - 4