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Bermaui Bands

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

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


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.

Important Information

  1. Bermaui Bands User's Manual: https://www.mql5.com/en/blogs/post/718688
  2. Use Bermaui Deviation Percent as a supporting Oscillator: https://www.mql5.com/en/market/product/24174
  3. Test on demo to explore its features.

Features

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


Bermaui Bands most important inputs

    1/ Bermaui Bands Settings

    • Candles [Min =2]: number of candles used in bands calculations. If less than two Bermaui Bands will be terminated, alert message will pop up on the screen and this parameter will be reset to default (=50).
    • Deviation Multiplier [>0]: this parameter will help you to control Bermaui Bands 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 Bermaui Bands will be terminated, alert message will pop up on the screen and this parameter will be reset to default.
    • Bands Width: Choose the width of the bands (median line will always be a dotted line).
    • Bands Color: Color of the bands. 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 notification to the user by email. Default is false.
    • Send Notification: Option to send mobile notification 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 asnswer as soon as I am online.

    Regards
    Muhammad Al Bermaui, CMT

    Mohamed Hamaidan
    229
    Mohamed Hamaidan 2019.06.24 10:43 
     

    I really like it for 1H and 4H charts along with TDO on the other hands you can get very nice results. Thanks brother

    Irfan
    329
    Irfan 2019.06.16 14:35 
     

    I have bought two indicators BD% and Bermaui bands. I am compelled to give developer only 1 star as the developer is not replying to any of my messages. I am new to his indicators and has some queries but he never replies. I will change the star rating once the developer changes his attitude towards his customers.

    Add it: Developer did not contact because of his mql5 account. He has contacted and replied to my queries. I am happy with his indicators. The indicators look very useful I hope to be able to make profitable trades.

    baelar
    394
    baelar 2019.05.23 13:32 
     

    With the right system this is an amazing breakout indicator.

    xiesw
    133
    xiesw 2019.05.19 05:16 
     

    The second purchase of the professor's index, the last TDO performance is good, I hope this indicator can bring more profits!

    Frank Paetsch
    1168
    Frank Paetsch 2019.05.16 10:54 
     

    Very good results. Thank you :-)

    ali-haider alharbi
    175
    ali-haider alharbi 2019.05.15 03:11 
     

    Product references were reviewed and followed in the test

    I liked it a lot, and I think the best I see now

    Purchase succeeded

    Really worth getting

    This seller is honest

    As well as a distinct explanation of the products

    Thank you Professor: Mohamed

    Gdamjb
    770
    Gdamjb 2019.02.24 17:31 
     

    Works perfectly! You can even use inside clould movement as a range indicator to grid. Thanks Muhammad!

    drnsf
    852
    drnsf 2018.11.14 17:45 
     

    I believe that Muhammad Elbermawi is the only that teached me how to trade manually.Great tool!

    Hc Chung
    461
    Hc Chung 2018.11.11 19:33 
     

    The author replied me and answered my questions so I can use this indicator for automated trading.

    I also like that the indicator provides email alerts (on blue dots/red dots) which are very helpful too.

    I may have updates later for its performance after I use it for a longer time.

    exeedorbit
    129
    exeedorbit 2018.10.12 14:37 
     

    Meh.

    It's okay at predicting breakouts. But too many false signals. No alert on buy/sell signal.

    Not very useful without a scanner and alerts.

    Clifford Mwenja
    135
    Clifford Mwenja 2018.07.06 10:25 
     

    This is a good breakout indicator. I love the fact that it shows me when the volatility is adding up and helps me trade news faster! Much love from Kenya Muhammad Elbermaui! Am a fan of Mo Salah and Egypt by the way!

    Version 4.0 2019.05.15
    1. Enhanced Bermaui Bands calculation method.
    2. Organized Bermaui Bands parameters in a better style.
    Version 3.0 2018.10.30
    1. Improved user input
    2. Improved code.
    Version 2.1 2017.07.17
    A division by zero error is corrected.
    Label in Data Window is enhanced.
    Version 2.0 2017.07.03
    - New band calculation method.
    - Signal & alert now appear for the first time only until reverse.
    - change in style and colors.