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Bermaui Bands (BB) is that a technical evaluation tool that helps filter horizontal and trend price fluctuations. the notion of the formulation of the indicator can be clarified as follows:

  • Use Bermaui Bands as a filter to determine the direction of the trend.
  • If the BB lines are moving away from each other, then there is a high probability that the price will be in a sideways or trendless movement.
  • When the BB lines move away from each other and the price moves between them, use the strategy to trade in a trendless market.
  • If the BB lines are connected in one line, then there is a high probability that the price will have a trend movement.
  • When the BB lines connect into one line and the price moves away from them, use the strategy to trade in a trending market.

  • Buy and sell signals appear when the price breaks through the BB lines.
  • A stop loss based on a percentage of the standard deviation is recommended.
  • Customizable appearance.
  • Audio alerts and email notifications.

  • Candles – the number of candles to calculate the bands (50 by default).
  • deviation_multiplier-deviation multiplier, this parameter will help you control the width of the Bermaui Bands or how far the bands can be removed from the center line (default 2.1).
  • band_width – the thickness of the bands (the middle line will always be dotted).
  • band_color – color of the bands.
  • Show_Signal – show/hide the signal of the arrow (default is true).
  • Risk_percent – the percentage of deviation that separates the Buy and Sell arrows from the closing price when the signal is true (by default, 25 %). You can use the arrows signal as the stop loss levels.
  • up_arrow_color – color of buy signals.
  • down_arrow_color – color of sell signals.
  • Alerts-enables or disables sending audio messages and notifications (true by default).
  • text_buy – message of purchase alerts.
  • text_sell – message of alerts for sale.
  • email_send-sending notifications to the user by email (false by default).
  • notification_send-sends push notifications to the user (false by default).
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I hope that BB will become a useful investment tool for you.

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Published

10 May 2016

Updated

30 May 2020

Current Version

4.3

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Christof Schoneweg January 15, 2021 8:03 am
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Sehr guter Indikator. Dies ist schon der zweite Indikator, den ich von diesem Programmierer habe. Tolle Ideen toll umgesetzt!

baelar January 15, 2021 8:02 am
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With the ideal system this is an wonderful breakout index.

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