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Re: Range Trading & Sideways Market filters for MT4

64 by Jimmy
Signal To Noise Filter for MT4

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.

What does it do?

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.

Conditions for trading

  • When the Green line is BELOW the gray line - DON'T take any trades ✖️
  • When the Green line is ABOVE the gray line, this signals strong volatility and trending markets. Trades into the direction of the trend are permitted ✔️

For the Histogram Bars version, please see: Signal To Noise Filter Histogram indicator.
These users thanked the author Jimmy for the post (total 6):
rudiarius, thiru, vashimm, Jedidiah, pail1217, eduarescobar
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Re: Range Trading & Sideways Market filters for MT4

65 by losajoca
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.
Hi Jimmy,
Do you know if there's a histo version of this? (with histogram for diference between the two lines, cause seems interesting that "strength" analysis).
Thanks.

Re: Range Trading & Sideways Market filters for MT4

70 by Wobstix
mrtools wrote: Mon Dec 14, 2020 11:09 am Could you explain further how you want the histo?
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 meber 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.

PS: For the Histogram version, please see here: Damiani Volatmeter Histogram for MT4.
These users thanked the author Wobstix for the post:
Jedidiah

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