16134
by Jedidiah
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.
Dear Mr Tools, Can u convert it to MT4 version? .
I really don't want to give money to MQL5 merchants for nothing.
I'd rather give it to our dearest Mr. Tools.
Gratitude
Be patient therefore, brethren, until the coming of the Lord. Behold, the husbandman waiteth for the precious fruit of the earth: patiently bearing till he receive the early and latter rain.
Behold, we account them blessed who have endured. You have heard of the patience of Job, and you have seen the end of the Lord, that the Lord is merciful and compassionate.