Bermaui Bands

Bermaui Bands (BB) - a technical analysis tool that helps to filter to the flat trend and price fluctuations. The idea of ​​the formula of this indicator can be described as follows:

1. Calculation of the standard deviation as an oscillator, which is movable between 0 and 100. Let us call it a percentage deviation Bermaui (Bermaui Deviation percent, BD%).


2. If "BD%" close to zero, there is a peak in volatility. Furthermore, if the "BD%" is about 100, the volatility is very low.


3. High volatility is a high probability indicates the market trend, while low volatility means the side or to the flat market.


4. The middle line - this is a simple moving average (SMA), because the standard deviation is calculated according to the SMA.


5. Add "BD%" to a simple moving average with the same number of bars in the calculations to obtain the upper band Bermaui Bands.


6. Subtract "BD%" simple moving average from the same number of bars in the calculations to obtain the lower band Bermaui Bands.

Instructions for use

• Use Bermaui Bands as a filter to determine the direction of the trend.


• If the line BB away from each other, there is a high probability that the price will be in the side if Detrended movement.


• When the line BB away from each other, and the price is moving between them, use strategy to trade the Detrended market.


• If the line BB are connected in a straight line, there is a strong likelihood that the price will be a trend movement.


• When the line BB are connected in a line, and the price is moving away from them, use strategy to trade in a trending market.

Features

• Signals to buy and sell appears when the price breaks through the line BB.


• Recommended based on a percentage of the standard deviation.


• Customizable appearance.


• Audioalerty and email notifications.

The most important input parameters Bermaui Bands

• Candles - the number of candles for the calculation (defaults to 50).


• Deviation_Multiplier - deviation factor, this option will help you control the width Bermaui Bands, or how far the band may be remote from the center line (default is 2.1).


• Band_Width - the thickness of the stripes (the middle line will always be dashed).


• Band_Color - color stripes.


• Show_Signal - show / hide the arrow signal (default true).


• Risk_percent - percentage deviation that separates the arrow Buy and Sell on the closing price when the signal is true (default 25%). You can use the arrow signal as a levels.


• Up_Arrow_Color - color signals to buy.


• Down_Arrow_Color - color signals for sale.


• Alerts - Enable or disable the sending of audio messages and notifications (default is true).


• Text_BUY - Message alerts to purchase.


• Text_SELL - Message alerts to sell.


• eMail_Send - send alerts to users via e-mail (default false).


• Notification_Send - sending push-notification to the user (default is false).

I hope that the BB would be a useful investment tool for you.

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