BASH Prompt in OSX with git branch

I found others doing the same.

Here is the content of my ~/.profile.

function parse_git_branch_and_add_brackets {
git branch --no-color 2> /dev/null | sed -e '/^[^*]/d' -e 's/* \(.*\)/\ \[\1\]/'
}

PS1="\033[01;32m\]\u@\h\[\033[00m\]:\[\033[01;34m\]\w\[\033[0;31m\]\$(parse_git_branch_and_add_brackets)\[\033[00m\]\\$ "