Bermaui Channel

5

This is a price channel that shows five important price levels on the chart. Those levels are:

    1. The Highest High (HH) of the previous x bars.
    2. The Highest Low (HL) of the previous x bars.
    3. The Center Line.
    4. The Lowest High (LH) of the previous x bars.
    5. The Lowest Low (LL) of the previous x bars.

      How does Bermaui Channels Captures Overbought  area

        Think of the distance between HH and HL levels as an overbought area.
            When the price candles or bars crosses the HL to the upside this indicates that prices are getting inside its overbought area.
                When the price candles or bars crosses the HL to the downside this indicate that prices are getting outside its overbought area.
                    When the price candles cross the HH it creates a new high. This might indicate the beginning of a new uptrend that continues in progress until prices reverse its direction back again to the downside.

                      How does Bermaui Channels Captures Oversold  area

                        Think of the distance between LL and LH as an oversold area.
                            When the price candles or bars crosses the LH to the downside this indicates that prices are getting inside its oversold area.
                                When the price candles or bars crosses the LH to the upside this indicates that prices are getting outside its oversold area.
                                    When the price candles cross the LL it creates a new low. This might indicate the beginning of a new downtrend that continues in progress until prices reverse its direction back again to the upside.

                                      Bermaui Channel Features

                                        Bermaui Channel does not repaint or recalculate its results.
                                          It works on cryptocurrencies, stock, index, oil, gold, and on all time frames.
                                            Sound, email alerts and Mobile Notification.
                                              Buy, sell arrows to help to identifying trend signals.
                                                Well-designed parameters to help the user easily navigate between them.
                                                  Buffer to build your own expert advisors.
                                                    Two different color lists to choose from.
                                                      The ability to draw overbought & oversold as price candles or bars.

                                                        Bermaui Channel Parameters

                                                          Candles. The number of candles used in BD% calculations (Minimum is 2).

                                                          Shift.The number of bars to backward shift. The default is one.

                                                          Sound Alert.The default is true.

                                                          Send Email.The default is false.

                                                          Send Notification.The default is false.

                                                          Colors List.You can choose between two color lists, or you can choose to (Do Nothing).

                                                          Show Price Label.At the edge of the channel. The default is true.

                                                          Price Label Width.The default is one.

                                                          Show OB/OS as:1. Bars| 2. Candles| 3. Hide

                                                          Overbought Area Color. The default is Teal.

                                                          Oversold Area Color.The default is Tomato.

                                                          Bullish Candles Color.The default is Green.

                                                          Bearish Candles Color.The default is Red.

                                                          Candle Wicks Width.The default is one.

                                                          Candle Body Width.The default is four.

                                                          Bars Width.The default is three.


                                                          Read this blog to know how to use the buffers in building your own expert advisor:
                                                          https://www.mql5.com/en/blogs/post/734560


                                                          If you have any questions then please, contact me via a private message or, write them in the comment section.
                                                          Muhammad Al Bermaui, CMT


                                                          Reviews 27
                                                          awasthisp
                                                          829
                                                          awasthisp 2023.08.26 09:30 
                                                           

                                                          It is one of best indicator to capture OB and OS areas

                                                          Werner Majer
                                                          921
                                                          Werner Majer 2022.09.07 16:18 
                                                           

                                                          Very good indicator, in connection with the Stockastic, very good results

                                                          mrkaib
                                                          1114
                                                          mrkaib 2022.09.05 19:53 
                                                           

                                                          in the backtest it looks very well. now i go to test it in live.

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                                                          The indicator very accurately determines the levels of the possible end of the trend and profit fixing. The method of determining levels is based on the ideas of W.D.Gann, using an algorithm developed by his follower Kirill Borovsky. Extremely high reliability of reaching levels (according to K. Borovsky  - 80-90%) Indispensable for any trading strategy – every trader needs to determine the exit point from the market! Precisely determines targets on any timeframes and any instruments (forex, met
                                                          There is always a need to measure if the market is "quiet" or it is volatile. One of the possible way is to use standard deviations, but the issue is simple : We do not have some levels that could help us find out if the market is in a state of lower or higher volatility. This indicator is attempting to do that : •           values above level 0 are indicating state of higher volatility (=GREEN buffer) •           values below level 0 are indicating state of lower volatility (=RED buffer)
                                                          Trend Lines PRO
                                                          Roman Podpora
                                                          5 (1)
                                                          TREND LINES PRO    helps understand where the market is truly changing direction. The indicator shows real trend reversals and points where major players re-enter. You see   BOS lines   Trend changes and key levels on higher timeframes — without complex settings or unnecessary noise. Signals don't repaint and remain on the chart after the bar closes. VERSION MT 5     -     Reveals its maximum potential when paired with the   RFI LEVELS PRO  indicator What the indicator shows: Real shifts   tren
                                                          Trading Special – 30% OFF Best Solution for any Newbie or Expert Trader! This dashboard software is working on 28 currency pairs plus one. It is based on 2 of our main indicators (Advanced Currency Strength 28 and Advanced Currency Impulse). It gives a great overview of the entire Forex market plus Gold or 1 indices. It shows Advanced Currency Strength values, currency speed of movement and signals for 28 Forex pairs in all (9) timeframes. Imagine how your trading will improve when you can watch
                                                          Market Makers
                                                          Mohamed Hassan
                                                          5 (4)
                                                          After purchase, contact me privately to receive 1 month of free testing with EA Forex Proton! This advanced MT4 trading robot automatically executes signals from any MT4 indicator, including Market Makers. The latest version also includes AI integration, allowing each trade signal to be analyzed using Artificial Intelligence. Live Signal with EA Forex Proton: Click here Market Makers is a powerful price action trading system designed to identify high-probability Buy and Sell opportunities based
                                                          Dashboard uses Ichimoku Strategy to find best trades. Get extra Indicators/Template: And read more about detailed Product Description and usage here: https://www.mql5.com/en/blogs/post/747457 Read more about Scanner Common features in detail here: https://www.mql5.com/en/blogs/post/747456 Features: Price Kumo Breakout Tenkan-Kijun Cross Chikou/CLoud and Chikou/Price Support/Resistance (SR-SS or SR-NRTR) Stochastic OB/OS and back Awesome Oscillator Higher Timeframe Ichimoku Trend Align
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                                                          Muhammad Elbermawi
                                                          5 (10)
                                                          The Berma Bands (BBs) indicator is a valuable tool for traders seeking to identify and capitalize on market trends. By analyzing the relationship between the price and the BBs, traders can discern whether a market is in a trending or ranging phase. Visit the [ Berma Home Blog ] to know more. Berma Bands are composed of three distinct lines: the Upper Berma Band, the Middle Berma Band, and the Lower Berma Band. These lines are plotted around the price, creating a visual representation of the pric
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                                                          Muhammad Elbermawi
                                                          4.94 (111)
                                                          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. HOW TO USE "BD%" If BD%
                                                          True Direction Oscillator
                                                          Muhammad Elbermawi
                                                          4.85 (364)
                                                          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 the price rate of change is 33.3% only. That is why technical analysis indicators like "Price Rate of Change" (ROC) or "Momentum" give higher readings for ascending price movements than those given to descending ones. TDO fixes this problem to help traders at rea
                                                          Bermaui Bands
                                                          Muhammad Elbermawi
                                                          4.97 (68)
                                                          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
                                                          Moving Average Cloud
                                                          Muhammad Elbermawi
                                                          4.92 (13)
                                                          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 uptrend
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                                                          Muhammad Elbermawi
                                                          5 (10)
                                                          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. Important Information 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 Important Features T
                                                          Classic Keltner Channel
                                                          Muhammad Elbermawi
                                                          4.87 (30)
                                                          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
                                                          Bermaui Pin Bars
                                                          Muhammad Elbermawi
                                                          5 (13)
                                                          Bermaui Pin Bars   Or (BPB) is an indicator that finds 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 ce
                                                          MASR Bands
                                                          Muhammad Elbermawi
                                                          5 (5)
                                                          Or M oving A verage S upport R esistance Bands . MASR Bands indicator is a moving average surrounded by two bands that work together as 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 wide is the distance between them as a percentage. I call the resu
                                                          Bermaui RSI Candles
                                                          Muhammad Elbermawi
                                                          5 (4)
                                                          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
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                                                          awasthisp
                                                          829
                                                          awasthisp 2023.08.26 09:30 
                                                           

                                                          It is one of best indicator to capture OB and OS areas

                                                          mostafa gamal
                                                          74
                                                          mostafa gamal 2023.02.22 12:12 
                                                           

                                                          User didn't leave any comment to the rating

                                                          Werner Majer
                                                          921
                                                          Werner Majer 2022.09.07 16:18 
                                                           

                                                          Very good indicator, in connection with the Stockastic, very good results

                                                          mrkaib
                                                          1114
                                                          mrkaib 2022.09.05 19:53 
                                                           

                                                          in the backtest it looks very well. now i go to test it in live.

                                                          AlbertZAR
                                                          670
                                                          AlbertZAR 2022.04.08 17:36 
                                                           

                                                          What a brilliant indicator, helps me stay on the right side of the market. Great work Muhammad!

                                                          iamgibson
                                                          338
                                                          iamgibson 2022.02.22 14:00 
                                                           

                                                          User didn't leave any comment to the rating

                                                          hungnq1992
                                                          1586
                                                          hungnq1992 2022.02.16 16:57 
                                                           

                                                          User didn't leave any comment to the rating

                                                          Robbert
                                                          1073
                                                          Robbert 2022.02.06 16:11 
                                                           

                                                          This is my 4th indicator from this Author and same as the others, top quality and support !

                                                          aztron
                                                          241
                                                          aztron 2022.01.27 06:02 
                                                           

                                                          User didn't leave any comment to the rating

                                                          Frank Paetsch
                                                          7501
                                                          Frank Paetsch 2022.01.22 23:30 
                                                           

                                                          5 stars

                                                          soharsteel
                                                          445
                                                          soharsteel 2021.11.03 20:14 
                                                           

                                                          excellent indicatoer . liked it a lot

                                                          Robin Olov Henry Lundberg
                                                          765
                                                          Robin Olov Henry Lundberg 2021.10.28 12:54 
                                                           

                                                          Good indicator that gives an idea of where we are in the flow or trend, can be used as a counter trend indicator or a trend indicator depending on how you read the market. Muhammad is also very supportive and quick in replying in case you need any support or help with settings. 5/5! I own a few of Muhammads indicators and EAs and he is one of the few good ones here on mql5.

                                                          Uladzimir Veramei
                                                          675
                                                          Uladzimir Veramei 2021.10.20 23:30 
                                                           

                                                          Helpful indicator, integrated it with my main strategy. Also could be automated. Support from the author is quick, satisfied.

                                                          Blin81
                                                          171
                                                          Blin81 2021.10.07 09:55 
                                                           

                                                          User didn't leave any comment to the rating

                                                          Joshua Crisologo Joaquin
                                                          268
                                                          Joshua Crisologo Joaquin 2021.09.27 10:58 
                                                           

                                                          I rented it for now as I just wanted to get the author's Bermaui Stochastic. However, seeing how it visually helps you in your trading (especially if you're strategy revolves around heavily overbought/oversold areas) - this is a must buy. I'll definitely purchase it after the rent period.

                                                          Muhammad Elbermawi
                                                          53594
                                                          Reply from developer Muhammad Elbermawi 2021.09.27 14:55
                                                          Thanks a lot, Joshua 🙏💚
                                                          Alex421
                                                          59
                                                          Alex421 2021.09.21 23:18 
                                                           

                                                          User didn't leave any comment to the rating

                                                          spetrosyan1979
                                                          524
                                                          spetrosyan1979 2021.08.29 13:22 
                                                           

                                                          Very good 🔥

                                                          Muhammad Elbermawi
                                                          53594
                                                          Reply from developer Muhammad Elbermawi 2021.08.30 05:18
                                                          Thanks for the great review, my friend. I appreciate it 🙏 💚
                                                          You can join my telegram group from here:
                                                          https://t.me/BermauiChannel
                                                          kurniartanto
                                                          65
                                                          kurniartanto 2021.08.07 16:50 
                                                           

                                                          Decided to try this indicator as in my opinion it is easy to understand and follow. Moreover, the author also provides the rationale of the trade when he used this tool for trading.

                                                          Muhammad Elbermawi
                                                          53594
                                                          Reply from developer Muhammad Elbermawi 2021.08.07 16:55
                                                          Thanks for the great review, my friend. I appreciate it 🙏 💚
                                                          You can join my telegram group from here:
                                                          https://t.me/BermauiChannel
                                                          Aoss Thanasit
                                                          52
                                                          Aoss Thanasit 2021.07.23 14:28 
                                                           

                                                          Bermaui Channel is an indicator that makes trading It's easier to do. I like it a lot.

                                                          Muhammad Elbermawi
                                                          53594
                                                          Reply from developer Muhammad Elbermawi 2021.08.06 21:45
                                                          Thanks for the great review and stars 🙏💚
                                                          You can join my telegram group from here:
                                                          https://t.me/BermauiChannel
                                                          Hisham Ghoneim
                                                          301
                                                          Hisham Ghoneim 2021.07.21 14:00 
                                                           

                                                          User didn't leave any comment to the rating

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