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REGISTER PARTICIPANTS Indicator Bermaui Bands Mt4

Discussion in 'Technical Indicators MetaTrader 4' started by James Goldman, Oct 28, 2020.

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  1. James Goldman

    James Goldman Moderator
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    Bermaui Bands

    bermaui-bands-logo-200x200-7036.png

    ⭐⭐⭐⭐⭐ Bermaui Bands (BB) is a technical analysis tool that helps filter between ranging and trending price movements. The idea behind this
    indicator can be explained in the next steps:

    • Calculate Standard Deviation as an oscillator that moves between 0 and 100. I will name it Bermaui Deviation percent (BD %).
    • If "BD %" is near zero then volatility is at its extreme. In addition, if "BD %" is near 100 then volatility is very low.
    • High volatility means a great probability for a trending market, while low volatility means side-way or ranging market.
    • Middle Line is a Simple Moving Average (SMA) because Standard Deviation is calculated depending on SMA.
    • Add "BD %" to a simple moving average with the same number of bars in the calculation to get The Upper Bermaui Band.
    • Subtract "BD %" from a simple moving average with the same number of bars in the calculation to get The Lower Bermaui Bands.
    Important Information

    • Bermaui Bands Demo: You are not allowed to view links. Register or Login
    • Bermaui Bands User's Manual: You are not allowed to view links. Register or Login
    • Bermaui Bands Expert Advisor Example: You are not allowed to view links. Register or Login
    How to use it

    • Use Bermaui Bands as a filter to help you identify trend direction.
    • If BB lines separate from each other then there is a great probability that price candles will move in a side-way or a ranging movement.
    • When BB lines separate from each other and price candles move in between them then trade with a ranging market strategy.
    • If BB lines combine like a single line then there is a great probability that price will move in a trending movement.
    • When BB lines combine like a single line and price candles move away from them then trade with a trending market strategy.
    Features

    • Buy & Sell alert signals when price candles penetrate BB lines.
    • Suggested Stop loss that depends on a percent from Standard Deviation.
    • Well-designed style that user can control.
    • Sound, email alerts depending on the user choice.
    Bermaui Bands most important inputs

    1/ Bermaui Bands Settings

    • Candles [Min =2]: The number of candles used in band calculations. If less than two the indicator will print a message and
      this parameter will be reset to default (= 50).
    • Deviation Multiplier [>0]: This parameter will help you to control Bermaui Band's width or how much far the bands can
      be away from the center-line (default is 2.1). It should be bigger than zero or the indicator will print a message and this
      parameter will be reset to default.
    • Bands Width: Choose the width of the bands (the median line will always be a dotted line).
    • Bands Color: Color of the bands. The default is Gray.
    2/ Arrow Settings

    • Show Arrow Signals: Show or hide signal arrows (default is true).
    • Buy Arrow Color: Default is Blue.
    • Sell Arrow Color: Default is Red.
    3/ Alert & Email Settings

    • Send Alert: Choose to use or stop alert sound and message Default is true.
    • Send Email: Option to send messages to the user by email. Default is false.
    • Send Notification: Option to send mobile notifications to the user. Default is false.
    I hope Bermaui Bands to be a good trading tool for you. If you have any question send me a message and I will answer as soon as I am online.

    Enjoy
    the game
    Muhammad Al Bermaui, CMT

    bermaui-bands-screen-7779.png

     

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