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REGISTER PARTICIPANTS Indicator Bermaui Deviation Percent Mt4

Discussion in 'Technical Indicators MetaTrader 4' started by James Goldman, Oct 27, 2020.

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  1. James Goldman

    James Goldman Moderator
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    Bermaui Deviation Percent

    bermaui-deviation-percent-logo-200x200-3626.png

    Or ( BD% ) ⭐⭐⭐⭐⭐ which is a volatility index that measures volatility in percent rather than points. The idea of BD% is to make an
    index depending on the Classic Standard Deviation (CSD) that moves between 0 and 100 percent.

    You can use BD% to compare volatility for the same security in different time periods or different time-frames. In addition, you can use BD% to
    compare volatility between different securities in different markets in terms of percent rather than points.

    The idea behind this indicator explained in the next steps:

    1. Calculate Classic Standard Deviation (CSD) for X number of days.

    2. Find the Highest High of CSD in the same X number of days ( = HHV(CSD, X) ).

    3. Find the Lowest Low of CSD in the same X number of days ( = LLV(CSD, X) ).

    4. BD% = ( HHV(CSD, X) – CSD) / ( HHV(CSD, X) – LLV(CSD, X)).

    Important Information

    • Please read User's Manual: You are not allowed to view links. Register or Login
    • Bermaui Deviation Percent Demo: You are not allowed to view links. Register or Login
    How to use "BD%"

    • If BD% is under 90% and then crosses this level upwards, this is a sign that prices may move in a ranging area.
    • If BD% is above 90% and then crosses this level downwards, and the price is already above its simple moving average, this is a sign for the
      beginning of a new ascending trend. As BD% gets deeper to the downside, volatility and trend strength are increasing.
      When BD% is 0%, this means that volatility is at its highest value.
    • If BD% is above 90% and then crosses this level downwards, and the price is already below its simple moving average, this is a sign for the
      beginning of a new descending trend. As BD% gets deeper to the downside, volatility and trend strength are increasing.
      When BD% is 0%, this means that volatility is at its highest value.
    Important BD% Parameters

    1) BD% SETTINGS[/b]

    • BD% Candles [Min =2] The number of candles used in BD% calculations (Minimum is 2).
    • BD% Upper Level. If BD% went above this level then it is the begin of a ranging market (default is 90%).
    • BD% Lower Level. If BD% went under this level then trend carry high volatility (default is 10%).
    2) BD% COLORS LIST & BUTTONS

    • Chart Colors List: You can choose between four different color lists, or you can choose to (Do Nothing).
    3) BD% ALERT SETTINGS

    • BD% Sound Alert: The default is true.
    • BD% Send Email: The default is false.
    • BD% Send Notification: The default is false.
    4) DB% SYMBOLS BUTTONS

    • Window to Show Symbols Panel: Show Symbol Buttons in
      Main chart window or in
      TDO Window.
    • Button Click Action: Open chart on
      the same window or in
      a new window.
    • Symbols Source From: Get symbols from
      custom symbol list or
      from Market Watch.
    • List of symbols (separated by ";"): If you choose symbols from a custom list then separate between symbols by ";".
    • Buttons in a Horizontal Row [Min=(1)]: The number of buttons to show in a row.
    • Time-Frames to Show [Min=(1) & Max=(9)]: The default is seven.
    5) BD% CHANNELS
    • Channel Length: The number of candles used in channel calculation. The default is 100.
    • Channel Kind: Choose between
      Standard Deviation Channels or
      Linear Regression Channel.
    • Channel Ray: To show the channel as a ray.
    6) BD% GRID LINES

    • Sub Grid Levels Count: You can add from zero to ten sub levels between main grid levels.
    7) BD% ZIG ZONE LEVELS

    • Show Zig Label: To hide or show price label to the right of the Zig Zone Levels. The default is false.
    I hope that BD% helps you with your trading. Please, contact me if you have any questions. I wish you good trading.

    Enjoy the game
    Muhammad
    Al Bermaui, CMT


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