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Bermaui Channel

⭐⭐⭐⭐⭐ 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.

I hope that Bermaui Channels help you with your trading. Please, contact me if you have any questions. I wish you good trading.

Enjoy the game
Muhammad Al Bermaui, CMT


Comentários 2
Ferrari888
319
Ferrari888 2020.07.05 08:14 
 

полезный индикатор. спасибо!

MAX RENE VELAZQUEZ GARCIA
641
MAX RENE VELAZQUEZ GARCIA 2020.06.13 03:17 
 

A very well achieved indicator, it gives you an instant idea of the state of the market and its phases, extraordinarily useful to rethink setups, confirm them, its graphic presentation allows you to instantly recognize and decide whether to add positions, keep them or exit.

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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
Blahtech Supply Demand
Blahtech Limited
Supply Demand uses previous price action to identify potential imbalances between buyers and sellers. The key is to identify the better odds zones, not just the untouched ones. Blahtech Supply Demand indicator delivers functionality previously unavailable on any trading platform. This 4-in-1 indicator not only highlights the higher probability zones using a multi-criteria strength engine, but also combines it with multi-timeframe trend analysis, previously confirmed swings and engulfing detector
149 USD
Automated Actual Support Resistance A2SR
Yohana Parmi
A. What is A2SR ? -- Full guidance : -- at   https://www.mql5.com/en/blogs/post/734748/page4#comment_16532516 -- and  https://www.mql5.com/en/users/yohana/blog A2SR has a special technique in determining the levels of Support ( demand ) and Resistance ( supply ) . Unlike the ordinary way that we seen on the net, A2SR has a original concept in determining actual SR levels. The original technique was not taken from the internet, and it has never been published on the internet either. A2SR will
250 USD
Peace ind
Vasiliy Strukov
⭐⭐⭐⭐⭐ I am glad to welcome you on the page of my product - I am its author Vasily Strukov.⭐⭐⭐⭐⭐ The most important task of the trader is to discover the trend and follow it. Peace - a trend indicator, used to determine the current trend. Manual how to use indicator you can find at comment #2. I use it to set the trading direction for the  Idea Pro Gold  adviser (trade buy or trade sell). It works on all instruments - forex, indices, oil, gold, stocks and all time frames. Recommended time fram
89 USD
TPA True Price Action MT4 Indicator
InvestSoft
TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals strictly at the close of a candle! TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. Not to confuse with red/green candles. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several. TPA has been developed by traders for traders and is not another combination out of existing indica
168 USD
MACD Currency Meter
Emir Revolledo
*NOTE : PRICE WILL BE $120 by November, Grab your copy now Arrow showing on or off would mean that there is a "possible change of signal" for that certain pair.. and this is requested by traders who wants signal at the very moment they saw a cross. However, if you are a trader who wants a "confirmed signal", you should wait for the current candle to close so the arrow signal will be classified as "confirmed". WELCOME to a very new algorithm in the market which you have never seen before.  MACD
99 USD
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Ferrari888
319
Ferrari888 2020.07.05 08:14 
 

полезный индикатор. спасибо!

MAX RENE VELAZQUEZ GARCIA
641
MAX RENE VELAZQUEZ GARCIA 2020.06.13 03:17 
 

A very well achieved indicator, it gives you an instant idea of the state of the market and its phases, extraordinarily useful to rethink setups, confirm them, its graphic presentation allows you to instantly recognize and decide whether to add positions, keep them or exit.

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