mrtools wrote: Tue Jan 19, 2021 4:57 am Try it out.

PS: For the standard version, please see here: Damiani Volatmeter for MT4.

Interesting indicator.
Traders must remember, this is not a directional indicator. The Histogram version does not tell us which direction to Buy or Sell.

For those who are curious on how to use the Damiani Volameter:

• Green line above Gray line means market is trending
• Gray line above Green line means market is flat (ranging).
• Red line at the bottom of the indicator means the market is Ranging.
• The author states that Bullish and bearish trends come in right after the red line (noise market).