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Bermaui Pin Bars

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:

  1. At first BPB calculate the center of the candles body ( = [Open + Close] / 2).
  2. Then BPB finds the distance between the center of the body and the candle low.
  3. The last step is to divide step 2 results by the candle range.
  4. If the candle body center is too close to the high or the low of the candles, then BPB detect a Pin Bar pattern and alert the user.

I enhanced Bermaui Pin Bars functionality by adding:

  1. A Multi Time Frame Candles Direction Panel to tell you the situation of the current candle for all time-frames. Where Green dots mean that Close>Open, Red means Close<Open and Yellow means that Close=Open.
  2. Bermaui Bands to help you figure out if the current trend is bullish, bearish or neutral. You can read more about it from HERE.

Bermaui Pin Bars Features:

  • Draw Pin Bar patterns on the chart.
  • Help the user to identify the trend depending on MTF Candles Direction Panel plus Bermaui Bands.
  • A well-designed color list with two options (Black / White Background).
  • Sound, email & mobile notifications depending on user's choice.

Bermaui Pin Bars most important parameters:

  • BPB Colors List: Switch between color lists (Black / White Background).
  • Candles [Min =2]: number of candles used in bands calculations. The default is 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.

I hope Bermaui Pin Bars 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


Comentários 16
CHANGYUN CHOI
83
CHANGYUN CHOI 2020.10.24 03:27 
 

This indicator is very useful ever I`ve used many other pin bar indcators, and few days ago, I purchased BBand, BD%. All of these give me good result. Thanks to Muhammad. ^^*

Ferrari888
319
Ferrari888 2020.07.06 19:46 
 

Я доверяю работам г-на Мухамедда! все отлично

maxfire54
209
maxfire54 2020.06.08 13:40 
 

Muhammad has true indicators that have logic and profit. Max54

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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. Try Demo before you buy:  https://www.mql5.com/en/market/product/47130 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 Calculate
60 USD
SL Currency Strength Meter 28 Pair
Chalin Saranga Jayathilake
SL Currency strength meter pro28  check one time This strategy is even used by the Banks to make profits. They take a strong currency and pitch against a weak currency This indicator allows you to analyze the hidden trends and correlations between the 8 most traded currencies via unique strength meter which creates multiple charts in a single window based on the price action of each currency in relation to all other currencies. The indicator also includes interactive panel where you can see the
63 USD
TrendfollowerSR
Paul Reymkhe
                     B ULL B EAR I NNOVATION                ⚜️ Technology To Success ⚜️   Correct identification of the trends in stock investments are pivotal and TrendFollowerSR ensures this perspective while displaying the correct trend on multiply timeframes to help you go long way as much as possible. The latest technology of the Indicator enables to track whether if a certain trend has just begun ,
110 USD
Supply and Demand Dashboard PRO
Bernhard Schweigert
CURRENTLY 20% OFF !! ⭐⭐⭐⭐⭐  This DASHBOARD is a very powerful piece of software working on multiple symbols and up to 9 timeframes. It is based on our main indicator (Best reviews:  Advanced Supply Demand ). The new DASHBOARD gives a great overview. It shows: filtered Supply and Demand values including zone strength rating, pips distances to/and within zones, it highlights nested zones, it gives 4 kind of alerts for the chosen symbols in all (9) time-frames. It is highly configurable for your p
199 USD
ReitakFX Pattern Pro Indicator
Boris Sedlar
  Most accurate  Pattern indicator on this market. It search triangles, wedges, channels (next patterns and autoscanner in plan) Works on Forex, Commodities, Indicies, Stocks, Crypto, ... on all timeframes and on every brooker. For more info join to DISCORD  where you can get info how to set, how to trade with this indi VERSION 2 OUT !!! - template file for version 2  - check comment #7   how to update  Warning : Don't always open trade when you get alert on break. Before open trade pl
200 USD
MaxiFinishTrend 2
Stsiapan Kreidzich
Complete trading system.  Popular indicators give two signals - BUY and SELL, and you have to choose and put Take Profit. Usually it works quickly and the trend goes in your favor, but the indicator is “silent” until the trend change. You miss most of the profit. The first idea of MaxiFinish : give a third signal - GET PROFIT (CLOSE) when the trend line changes the slope or the M15 and M30 stochastics have reached an extremum and the profit began to decline. If, on a signal, you have closed
53 USD
Beast Super Signal
Dustin Vlok
The Beast Super Signal is a simple, and easy to use trend based indicator. It will continuously monitor current price action looking for new trends developing or strong reversals building at extreme price levels, and trends that have reached strong exhaustion levels. The Beast Super Signal indicator will monitor the current price, and only when all of the internal strategies align, and are in 100% agreement with each other, the indicator will paint a new buy or sell signal arrow on the chart. Al
111.75 USD
Filtro:
CHANGYUN CHOI
83
CHANGYUN CHOI 2020.10.24 03:27 
 

This indicator is very useful ever I`ve used many other pin bar indcators, and few days ago, I purchased BBand, BD%. All of these give me good result. Thanks to Muhammad. ^^*

Ferrari888
319
Ferrari888 2020.07.06 19:46 
 

Я доверяю работам г-на Мухамедда! все отлично

maxfire54
209
maxfire54 2020.06.08 13:40 
 

Muhammad has true indicators that have logic and profit. Max54

xiesw
193
xiesw 2020.03.07 05:21 
 

准确率超级高的指标,收益巨大!

ZERO9898
1351
ZERO9898 2020.02.27 12:50 
 

Again excellent work! Very trustful developer, always purchase with confident.

ali-haider
406
ali-haider 2020.01.27 13:06 
 

Hello Mr Bermawi

We trust in your work and your products

Great strategy

An excellent indicator

 Sun Ren Gao Yu
697
Sun Ren Gao Yu 2020.01.11 11:29 
 

very useful indicator. accurate and easy to understand.

Alessio Bizzarri
2792
Alessio Bizzarri 2019.10.07 16:28 
 

by now faithful to your products, I have also acquired this .. together with others, great strategy!

Bonifasius Widi Aryanto
291
Bonifasius Widi Aryanto 2019.10.03 11:59 
 

Nice job

Vitali Kadel
2909
Vitali Kadel 2019.09.20 22:36 
 

Usuário não fez qualquer comentário quanto a classificação

Eng Yoon Lee
977
Eng Yoon Lee 2019.09.20 11:47 
 

One of the best indicator ever..!!

Frank Paetsch
4418
Frank Paetsch 2019.09.14 14:36 
 

Super, Danke

Guan Ting Liu
1053
Guan Ting Liu 2019.09.03 09:25 
 

Usuário não fez qualquer comentário quanto a classificação

Firmin
997
Firmin 2019.08.31 16:12 
 

Agian a very nice indicator.

4xplosion
1013
4xplosion 2019.08.27 22:39 
 

Looking good so far!

Fxpro Trader Technical
445
Fxpro Trader Technical 2019.08.05 09:46 
 

Great indicator, better than all the others pin bars indicator i have had in the past, truly amazing work. A tool all serious trader must have. Thanks

Responder ao comentário
Versão 2.1 2019.11.17
A small update:
Added code to show icon in description.
Versão 2.0 2019.10.09
What is new in Bermaui Pin Bars version 2.0:
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1- Fixed a bug at the MTF Label that happened with the (Do Nothing) option of the color list.
2- Added check up code that print a message in the terminal expert section if the email or mobile notification doesn't work correctly.
3- Re-coded the indicator objects to change their dimension according to screen resolution.