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Bermaui Pin Bars

50 USD

Demo downloaded: 526

Published: 2 August 2019

Current version: 2.1

Bermaui Pin Bars

Name: Bermaui Pin Bars
Price: 50.00 USD
Rating: 5 (13 reviews)
Author: Muhammad Elbermawi

Indicators
Muhammad Elbermawi
Version: 2.1
Updated: 17 November 2019
Activations: 20

Bermaui Pin Bars

Or (BPB) is an indicator that finds Pin Bars price action pattern on the chart. Pin Bars is a shortcut for "Pinocchio Bars" which is a classic bar pattern alternative to Japanese candlesticks with tall upper or lower shadows and very small bodies like Hammer, Inverted-Hammer, Hanging Man, Shooting Star, Dragon Fly Doji or Grave Stone Doji.

Bermaui Pin Bars indicator find this pattern depending on a formula that can be explained in the next steps:

At first BPB calculate the center of the candles body ( = [Open + Close] / 2).
Then BPB finds the distance between the center of the body and the candle low.
The last step is to divide step 2 results by the candle range.
If the candle body center is too close to the high or the low of the candles, then BPB detect a Pin Bar pattern and alert the user.

Bermaui Pin Bars Formula: https://www.mql5.com/en/blogs/post/729139

I enhanced Bermaui Pin Bars functionality by adding:

A Multi Time Frame Candles Direction Panelto tell you the situation of the current candle for all time-frames. Where Green dots mean that Close>Open, Red means Close<Open and Yellow means that Close=Open.
Bermaui Bandsto help you figure out if the current trend is bullish, bearish or neutral. You can read more about it from HERE.

Bermaui Pin Bars Features:

Draw Pin Bar patterns on the chart.
Help the user to identify the trend depending on MTF Candles Direction Panel plus Bermaui Bands.
A well-designed color list with two options (Black / White Background).
Sound, email & mobile notifications depending on user's choice.

Bermaui Pin Bars most important parameters:

BPB Colors List:Switch between color lists (Black / White Background).

Candles [Min =2]:number of candles used in bands calculations. The default is 50.
Deviation Multiplier [>0]:this parameter will help you to control Bermaui Bands width or how much far the bands can be away from the center-line. Default is 2.1.

If you have any questions then please, contact me via a private message or, write them in the comment section.
Muhammad Al Bermaui, CMT

more...

152

boghrat21 2021.09.21 23:19 #

trend is your friend...like this indi...fantastic

159

alvz12e21 2021.05.13 15:54 #

This indicator makes things easy for me. I'm glad to have made this purchase. I am very thankful for your good work. Thanks.

116

yeunggordon168 2021.05.06 08:00 #

This indicator give a clear picture of the current status of the symbol before making decision to trade. I love your product!!! Although your other products already have button to change the TF, as a standalone indicator, I suggest to make the MTF circle as a button so that the chart of the timeframe can be changed by clicking on it. I'm glad to see that Bermaui Bands are included in this products! Have a feeling of buy one get TWO !!!^_^!!! In fact, Muhammad always include other useful tools in his product. I like it!!!

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Or "MAC". This is an indicator designed to help you capture and trade the trend. The idea behind this indicator can be explained in the next steps: Draw a fast-moving average Envelope. Draw a slow-moving average Envelope. The MAC Upper Band is the highest value between the high of both Envelopes. The MAC Lower Band is the lowest value between the low of both Envelopes. The MAC Histogram Cloud fills the distance between two bands to show you change in direction. Blue Cloud indicates the uptren

60 USD

This is a price channel that shows five important price levels on the chart. Those levels are: 1. The Highest High (HH) of the previous x bars. 2. The Highest Low (HL) of the previous x bars. 3. The Center Line. 4. The Lowest High (LH) of the previous x bars. 5. The Lowest Low (LL) of the previous x bars. How does Bermaui Channels Captures Overbought area Think of the distance between HH and HL levels as an overbought area. When the price candles or bars crosses the HL to the upside this

50 USD

The idea of this indicator is to draw RSI in the form of candles that can be compared with price charts to generate buy and sell signals. The indicator is not my invention. I founded it on the internet several years ago. I updated the code, added alert functions, added the Bermaui Utilities group of tools. The indicator calculates the RSI of all the prices that are used to draw candlesticks (RSI of the open, high, low & close). It uses the highest of them to draw the RSI candles high wick & the

40 USD

Horus EA for MT4 Thousands of years ago, the ancient Egyptians invented a counting system that they used to measure their lands and weighing their commodities. This system was known as the " Eye of Horus ". The Eye of Horus was associated with the myth of the god Osiris and became one of the sacred symbols of the pharaohs. I used the mathematical equations in the Eye of Horus with the Fibonacci sequence to build a negative progression money management system that is 89% safer than the famous

200 USD

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1728

Kahraman Senol 2021.10.18 21:07 #

User didn't leave any comment to the rating

tMolokeng 2021.10.04 20:13 #

User didn't leave any comment to the rating

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boghrat21 2021.09.21 23:19 #

trend is your friend...like this indi...fantastic

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alvz12e21 2021.05.13 15:54 #

This indicator makes things easy for me. I'm glad to have made this purchase. I am very thankful for your good work. Thanks.

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Reply from developer Muhammad Elbermawi 2021.08.13 17:36 #

Thanks for the great review and stars 🙏💚
You can join my telegram channel from here:
https://t.me/BermauiChannel

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yeunggordon168 2021.05.06 08:00 #

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Reply from developer Muhammad Elbermawi 2021.05.06 08:04 #

Thanks for the great review, my friend. I appreciate it 🙏 💚

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Paulina Andrea Madariaga Figueroa 2021.05.01 18:18 #

Very good indicator, I have spent money in another indicators and with Bermaui tools I have everything.

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mafy 2021.04.26 11:28 #

When I first saw this Indicator I asked myself what so special about this pin bar indicator from those free ones available online. However, when I read this formula article for this Bermaui pin bar indicator here https://www.mql5.com/en/blogs/post/729139, I realized this formula is very logical. So far the product seems very useful and the combination with Bermaui Bands made it even more indicative. The Bermaui Bands built-in in this indicator though is missing the alert signal which it seems that feature only available for the Bermaui Bands stand alone indicator product. Nonetheless, the pin bars per se indeed have their own alert which makes this indicator great.

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Reply from developer Muhammad Elbermawi 2021.04.26 19:20 #

Thanks a lot for that great and fair review, Mafy 🙏

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Baboloki Mathabe 2021.04.02 06:18 #

User didn't leave any comment to the rating

518

YUN CHOI 2020.10.24 03:27 #

User didn't leave any comment to the rating

598

Ferrari888 2020.07.06 19:46 #

Я доверяю работам г-на Мухамедда! все отлично

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maxfire54 2020.06.08 13:40 #

Muhammad has true indicators that have logic and profit. Max54

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xiesw 2020.03.07 05:21 #

准确率超级高的指标，收益巨大！

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ZERO9898 2020.02.27 12:50 #

User didn't leave any comment to the rating

591

ali-haider 2020.01.27 13:06 #

Hello Mr Bermawi

We trust in your work and your products

Great strategy

An excellent indicator

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Sun Ren Gao Yu 2020.01.11 11:29 #

very useful indicator. accurate and easy to understand.

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Alessio Bizzarri 2019.10.07 16:28 #

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Bonifasius Widi Aryanto 2019.10.03 11:59 #

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2365

Vitali Kadel 2019.09.20 22:36 #

User didn't leave any comment to the rating

1319

Eng Yoon Lee 2019.09.20 11:47 #

User didn't leave any comment to the rating

7267

Frank Paetsch 2019.09.14 14:36 #

Super, Danke

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Version 2.1 2019.11.17

A small update:
Added code to show icon in description.

Version 2.0 2019.10.09

What is new in Bermaui Pin Bars version 2.0:
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1- Fixed a bug at the MTF Label that happened with the (Do Nothing) option of the color list.
2- Added check up code that print a message in the terminal expert section if the email or mobile notification doesn't work correctly.
3- Re-coded the indicator objects to change their dimension according to screen resolution.