Bermaui Bands — Indicator by Showerhead

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How the Bermaui Bands work

Red = Bear Trend
Blue = Bull Trend
Bands Expanded = Low Volatility
Bands Constricted = High Volatility

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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Comments

Nice Work. Keep up the good work. this is simple and very useful tool

This is a script more people should use. On the 4mins it's great for trailing your stop and a good exit tool. Nicely done!