Bermaui Deviation Candles
This is an indicator that color candles (or bars) on the chart depending on a volatility index called Bermaui Deviation Percent. The idea go like
this:
1- When volatility is high and price candles is moving above its moving average, then the indicator colors chart candles (or bars) with
green.
2- When volatility is high and price candles is moving below its moving average, then the indicator colors chart candles (or bars) with
red.
3- When volatility is low, then the indicator colors chart candles (or bars) with yellow regardless of the candles (or bars) direction.
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