rudiarius wrote: Mon Dec 14, 2020 3:47 am Hello Darks,

Thanks for the interesting indicators you share here, I really appreciate your efforts.
Can you confirm that this "inverse bands" indicator is the same as the Bermaui bands. I have an MT5 indicator (see below) that looks the same it only lacks the squeeze component from your indicator. (Which makes yours even better )

As the original creator Al Bermaui explains the idea behind the indicator is:

1. Calculate Standard Deviation as an oscillator that moves between 0 and 100. I will name it Bermaui Deviation percent (BD %).
2. If "BD %" is near zero then volatility is at its extreme. In addition, if "BD %" is near 100 then volatility is very low.
3. High volatility means a great probability for a trending market, while low volatility means side-way or ranging market.
4. Middle Line is a Simple Moving Average (SMA) because Standard Deviation is calculated depending on SMA.
5. Add "BD %" to a simple moving average with the same number of bars in the calculation to get The Upper Bermaui Band.
6. Subtract "BD %" from a simple moving average with the same number of bars in the calculation to get The Lower Bermaui Bands.

If you can confirm that these indicators are actually the same (or the difference between them) I will also post the MT5 indicator in the correct thread.

Darks wrote: Mon Dec 14, 2020 1:36 am I remembered seeing an indicator named something like "inverse bands" on a forum. I couldn't find the indicator again as I searched but liked the idea the name was suggesting. So decided to build an indicator on that idea. The usage could be to identify trend and range or breakouts but should be used as a part of strategy not stand alone, I recommend.

Zyzel wrote: Mon Dec 14, 2020 5:24 am

Hi Darks,

Thanks for sharing your indicator.

Can you share your settings/parameters for your M5 indicator? Again, thanks in advance!

-Zyzel

Darks wrote: Mon Dec 14, 2020 1:36 am I remembered seeing an indicator named something like "inverse bands" on a forum. I couldn't find the indicator again as I searched but liked the idea the name was suggesting. So decided to build an indicator on that idea. The usage could be to identify trend and range or breakouts but should be used as a part of strategy not stand alone, I recommend.

mrtools wrote: Thu Dec 10, 2020 5:37 am

Found the bars were probably repainting, try this one. The projection part will repaint sometimes.

mystylez007 wrote: Mon Dec 14, 2020 10:38 pm Are the bars still repainting on candle close?

josi wrote: Mon Dec 14, 2020 1:49 am
very good idea - and very promising signals.
I think - visually - it could be improved if you had different colours for (changing) slope, i. e.
blue for up - signalling uptrend when below price
red for down - signalling downtrend when above price

Darks wrote: Mon Dec 14, 2020 1:36 am I remembered seeing an indicator named something like "inverse bands" on a forum. I couldn't find the indicator again as I searched but liked the idea the name was suggesting. So decided to build an indicator on that idea. The usage could be to identify trend and range or breakouts but should be used as a part of strategy not stand alone, I recommend.

wtrader13 wrote: Tue Dec 15, 2020 12:41 am

Thank you very much, Darks! This is very nice.
I would like to know if it's possible to base the inverse bollinger bands on other types of averages. If yes, can you please add the 30+ averages available in many other indicators here, such as averages - 9.4 (mtf + alerts + arrows + kelt + button).ex4 and also On/Off button.
Thank you again for your efforts.

Darks wrote: Tue Dec 15, 2020 12:18 am

Like this.