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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


                                                          Comentários 18
                                                          Frank Paetsch
                                                          6112
                                                          Frank Paetsch 2022.01.22 23:30 
                                                           

                                                          5 stars

                                                          soharsteel
                                                          94
                                                          soharsteel 2021.11.03 20:14 
                                                           

                                                          excellent indicatoer . liked it a lot

                                                          BinaryRaider
                                                          483
                                                          BinaryRaider 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.

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                                                          5 (12)
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                                                          4.67 (3)
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                                                          Daniel Stein
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                                                          You want to become a constantly profitable 5-star forex trader?  1.  Read the basic description of our simple trading  system  &  and it's major strategy update in 2020   2.   Send a screenshot of your purchase to get your personal invitation to our exclusive trading chat FX Power   is the first currency strength meter with a complete history across all time frames. It analyzes the momentum and strength of all major currencies to determine high probability trades. Key Features Complete str
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                                                          4 (6)
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                                                          Filtro:
                                                          Frank Paetsch
                                                          6112
                                                          Frank Paetsch 2022.01.22 23:30 
                                                           

                                                          5 stars

                                                          soharsteel
                                                          94
                                                          soharsteel 2021.11.03 20:14 
                                                           

                                                          excellent indicatoer . liked it a lot

                                                          BinaryRaider
                                                          483
                                                          BinaryRaider 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
                                                          702
                                                          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
                                                          51
                                                          Blin81 2021.10.07 09:55 
                                                           

                                                          Have already bought 2 indicators. All good, and happy that there are alot of support given.

                                                          Joshua Joaquin
                                                          88
                                                          Joshua 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
                                                          49158
                                                          Resposta do desenvolvedor Muhammad Elbermawi 2021.09.27 14:55
                                                          Thanks a lot, Joshua 🙏💚
                                                          Alex421
                                                          43
                                                          Alex421 2021.09.21 23:18 
                                                           

                                                          Works well with proper risk management

                                                          spetrosyan1979
                                                          532
                                                          spetrosyan1979 2021.08.29 13:22 
                                                           

                                                          Very good 🔥

                                                          Muhammad Elbermawi
                                                          49158
                                                          Resposta do desenvolvedor 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
                                                          40
                                                          kurniartanto 2021.08.07 16:49 
                                                           

                                                          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
                                                          49158
                                                          Resposta do desenvolvedor 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
                                                          49158
                                                          Resposta do desenvolvedor 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
                                                          226
                                                          Hisham Ghoneim 2021.07.21 14:00 
                                                           

                                                          I just rent the indicator, it looks great tool soon i will buy the indicator forever.

                                                          CHANGYUN CHOI
                                                          253
                                                          CHANGYUN CHOI 2021.07.13 10:39 
                                                           

                                                          I have tried several Burmaui indicators and traded in a few combinations and the results are very good. I used his semi-automatic EA to target small pips, say 10 pips, and had good results. 20% of my capital increased in 10 days. By watching his analysis on Telegram, following along and studying how to analyze it, I learn a little bit about foreign exchange. Thank you Burmaui~^^

                                                          Muhammad Elbermawi
                                                          49158
                                                          Resposta do desenvolvedor Muhammad Elbermawi 2021.07.13 18:19
                                                          You are welcome my friend 🙏
                                                          Paulina Andrea Madariaga Figueroa
                                                          2935
                                                           

                                                          Very good indicator, I have spent money in another indicators and with Bermaui tools I have everything.

                                                          mafy
                                                          110
                                                          mafy 2021.04.26 11:31 
                                                           

                                                          Great product and gives you extra reliability for your entries.

                                                          Deepan Kalaiselvan
                                                          214
                                                          Deepan Kalaiselvan 2021.04.13 04:42 
                                                           

                                                          Best indicator. The authors every INDICATOR is useful.

                                                          maxfire54
                                                          254
                                                          maxfire54 2021.02.17 22:57 
                                                           

                                                          Mi sembra per il momento un ottimo system...da provare su vari tempi!

                                                          Ferrari888
                                                          351
                                                          Ferrari888 2020.07.05 08:14 
                                                           

                                                          полезный индикатор. спасибо!

                                                          MAX RENE VELAZQUEZ GARCIA
                                                          673
                                                          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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