Bermaui Pin Bars
Or (BPB) is an indicator that find Pin Bars price action pattern on the chart. Pin Bars is a shortcut for "Pinocchio Bars" which is a classic bar pattern alternative to Japanese candlesticks with tall upper or lower shadows and very small bodies like Hammer, Inverted-Hammer, Hanging Man, Shooting Star, Dragon Fly Doji or Grave Stone Doji. Bermaui Pin Bars indicator find this pattern depending on a formula that can be explained in the next steps:
At first BPB calculate the
This is a price channel that shows five important price levels on the chart. Those levels are: The Highest High (HH) of the previous x bars. The Highest Low (HL) of the previous x bars. The Center Line . The Lowest High (LH) of the previous x bars. The Lowest Low (LL) of the previous x bars. Try Bermaui Channel Demo version: https://www.mql5.com/en/market/product/47663 How to use the buffers to build your own expert advisor: https://www.mql5.com/en/blogs/post/734560
How does Bermaui Channels C
Or (TDO) which is an index that measures the price rate of change using the principle of " Pure Momentum ".
When a security price advances from 10 to 15 then the price rate of change is 150% but when it declines back from 15 to 10 then price rate of change is 33.3% only. That is why technical analysis indicators like "Price Rate of Change" (ROC) or "Momentum" gives higher readings for ascending price movements than that given to descending ones. TDO fixes this problem to help traders at readi
Or CKC .
This indicator works depending on the classic ten-day moving average rule described by Chester W. Keltner (1909–1998). All parameters are set to the classic version of the Keltner system by default, while the user can change them if he wants. Important Information
Read CKC Manual: https://www.mql5.com/en/blogs/post/736577 CKC Expert Advisor Example: https://www.mql5.com/en/blogs/post/734150 About Keltner Channel Formula 1. Calculate the Center Line as a simple moving average from the
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 ind
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
The idea of this indicator is to draw RSI in the form of candles that can be compared with price charts to generate buy and sell signals. The indicator is not my invention. I founded it on the internet several years ago. I updated the code, added alert functions, added the Bermaui Utilities group of tools.
The indicator calculates the RSI of all the prices that are used to draw candlesticks (RSI of the open, high, low & close). It uses the highest of them to draw the RSI candles high wick & the
Or " MAC ". This is an indicator designed to help you capture and trade the trend. The idea behind this indicator can be explained in the next steps:
Draw a fast-moving average Envelope. Draw a slow-moving average Envelope. The MAC Upper Band is the highest value between the high of both Envelopes. The MAC Lower Band is the lowest value between the low of both Envelopes. The MAC Histogram Cloud fills the distance between two bands to show you change in direction. Blue Cloud indicates the uptr
Or M oving A verage S upport R esistance Bands .
MASR Bands indicator is a moving average surrounded with two bands that work together as a support and resistance levels. Statistically, MASR Bands contain price candles 93% of the time. Here is how it is calculated in steps: 1. The first step is to calculate the highest high (HHV) and the lowest low (LLV) for an X period of time.
2. The second step is to divide HHV by LLV to get how much wide is the distance between them as a percentage. I
Or B ermaui A verage C onvergence D ivergence Cloud , which is an oscillator that shows trend direction and measures its strength in percent. BACD Cloud calculation is as follow: 1- Calculate two exponential moving average. One of them is faster than the other. I will call the first (Fast) and the second (Slow)
2- Find the center between them, where: Center MA = (Fast + Slow) / 2
3- Calculate BACD Line as follow: BACD = 100 * (Fast / Center MA)
4- Calculate the BACD Signal Line, which i
This is a semi-automatic expert advisor that trades the grid system. The idea is to gradually take different positions in the market, then to calculate the break-even level for them. When the prices pass this break-even by a predetermined distance all opened orders are closed.
Here is the user's guide: https://www.mql5.com/en/blogs/post/730567
You can try this EA with any of my other products, here: https://www.mql5.com/en/users/bermaui314/seller
Or DBD% . The indicator consists of colored tape that shows trading signals depending on two Bermaui Deviation Oscillator (BD%) and two moving averages. Bermaui Deviation Percent is a volatility index that measures volatility in percent rather than points. The idea of BD% is to make an index depending on Classic Standard Deviation (CSD) that moves between 0 and 100 percent. Dual Bermaui Deviation Percent Demo : https://www.mql5.com/en/market/product/43089
DBD% expert advisor example: https:
Horus EA for MT4
Thousands of years ago, the ancient Egyptians invented a counting system that they used to measure their lands and weighing their commodities. This system was known as the " Eye of Horus ".
The Eye of Horus was associated with the myth of the god Osiris and became one of the sacred symbols of the pharaohs.
I used the mathematical equations in the Eye of Horus with the Fibonacci sequence to build a negative progression money management system that is 89% safer than the famous