Bermaui Bands

Understanding Bermaui Bands

• Bermaui Bands (BB) is a powerful technical analysis tool designed to filter between ranging and trending price movements.
• It employs Standard Deviation calculated as an oscillator, named 'Bermaui Deviation percent (BD %)', which ranges between 0 and 100.
• Low values of 'BD %' indicate high volatility, suggesting a strong trend, while high values suggest a ranging market.

Calculating the Bands

• The Middle Line is a Simple Moving Average (SMA), which is the foundation for calculating both the Upper and Lower Bermaui Bands.
• The Upper Band is derived by adding 'BD %' to the SMA, while the Lower Band is obtained by subtracting 'BD %' from the SMA.

Application in Trading

• Bermaui Bands help identify market conditions effectively; when the bands widen, it often signals a ranging market strategy 📈.
• When the bands contract into a single line, it points towards a stronger trending market 🎯.
• Traders are alerted with buy and sell signals when price candles penetrate the Bermaui Bands.

Key Features

• Customizable settings, including candles and deviation multiplier that dictate the width of the bands.
• Email, sound alerts, and notifications based on user preferences to enhance trading responsiveness.
• Compatibility with various trading strategies, especially when paired with other tools like Bermaui Deviation Percent for optimal performance.

User Feedback

• Many users report improved trading results after incorporating Bermaui Bands into their strategies.
• One user specifically highlighted the effectiveness when using it in conjunction with the Bermaui Deviation indicator, emphasizing the duo’s positive impact on trading results.