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Re: Range Trading & Sideways Market filters for MT4

71 by mrtools
Wobstix wrote: Mon Jan 18, 2021 3:04 pm

Hello there.
I have been a member here for a short while and am blown away by the great work
done by all the contributers here, especially Mr tools and Mladen.
It seems medotrader has not responded.
I too would like an histogram version of this indicator.

Please see attached pic.
When the Blue line is above the black, the histo could be green
and when it is below the black it could be orange.
Similar to the Red/Blue Histo in the attached pic.
Thank you so much in advance.

Example.PNG
Damiami Volatmeter Histogram

Try it out. A description on how this indicator works can be found here.

PS: For the standard version, please see here: Damiani Volatmeter for MT4.
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IdeaRe: Range Trading & Sideways Market filters for MT4

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

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

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 Volatmeter:
  • 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).
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Myfxbook live trading results 📊

List of our most powerful reversal indicators + Guide to the "All Averages" Filters (ADXvma, Laguerre etc.)
Fibonacci numbers for indicator settings + How to draw Fibonacci Extensions + How to draw Support & Resistance

IdeaRe: Range Trading & Sideways Market filters for MT4

73 by aneek229
mrtools wrote: Tue Jan 19, 2021 4:57 am

Try it out.

PS: For the standard version, please see here: Damiani Volatmeter for MT4.
Thank you so much this and EVERYTHING else you and others so generously do here, a BIG thank you from me! and I am very greatful. If and when you have time, any chance you could kindly make this multi time frame? please? Thanking you in advance.
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Re: Range Trading & Sideways Market filters for MT4

76 by pail1217
Jimmy wrote: Wed Jul 03, 2019 9:46 pm This is the Signal To Noise Filter which was first coded by Luis Guilherme Damiani. It's an ideal sideways filter to guide traders on when to stay out of the market and was upgraded by Mladen several years ago with additional options like Deviations Method and various code optimizations.

As explained by Luis Guilherme Damiani:
The purpose of this indicator is to identify market phases that have too small amplitudes. These phases are useless even for systems designed for trading ranges markets. When the green line is BELOW the gray line - DON'T trade.

As explained by Mladen:
Upgraded Luis Guilherme Damiani's signal to noise indicator with new options added.
Great indicator. Thx a lot. Was the last missing brick for my strategy

Re: Range Trading & Sideways Market filters for MT4

77 by Jimmy
pail1217 wrote: Thu Nov 17, 2022 9:04 am Great indicator. Thx a lot. Was the last missing brick for my strategy
Thanks for the feedback. Glad it has found use in your strategy.
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Myfxbook live trading results 📊

List of our most powerful reversal indicators + Guide to the "All Averages" Filters (ADXvma, Laguerre etc.)
Fibonacci numbers for indicator settings + How to draw Fibonacci Extensions + How to draw Support & Resistance

Re: Range Trading & Sideways Market filters for MT4

78 by mrtools
Sepo wrote: Mon Nov 21, 2022 9:19 pm Hi Mr Tools, is it possible to make this indicator from here a histogram?
Signal To Noise Histogram

Made a histo version, think it's almost the same as the above earlier version.

For the standard version and an explanation on how it works, please see: What is the Signal To Noise Filter?
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Re: Range Trading & Sideways Market filters for MT4

80 by pail1217
mrtools wrote: Tue Nov 22, 2022 3:16 am Signal To Noise Histogram

Made a histo version, think it's almost the same as the above earlier version.

For the standard version and an explanation on how it works, please see: What is the Signal To Noise Filter?
in the 1m I have had very good experiences with these settings. Maybe anyone can use it for some reason
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