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Re: Range Trading & Sideways Market filters for MT4
Posted: Tue Jan 19, 2021 4:57 am
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.
Re: Range Trading & Sideways Market filters for MT4
Posted: Tue Jan 19, 2021 8:50 pm
by Jimmy
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).
Re: Range Trading & Sideways Market filters for MT4
Posted: Wed Feb 17, 2021 5:31 pm
by aneek229
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.
Re: Range Trading & Sideways Market filters for MT4
Posted: Sun May 02, 2021 10:22 pm
by ionone
can someone tell me if this indi repaints ? I got a weird behaviour in the strategy tester (not the same display when I add it a second time to the chart)
Re: Range Trading & Sideways Market filters for MT4
Posted: Thu May 20, 2021 1:45 pm
by alisawilson007
Thanks for sharing. All this information about the latest indicators makes the search and joining the portal worth it. Now as far as the indicator is concerned, at the risk of being embarrassed, I really haven’t heard of it before this but the functionality has gotten me curious and would definitely give it a try with an mt4 demo account.
Re: Range Trading & Sideways Market filters for MT4
Posted: Thu Nov 17, 2022 9:04 am
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
Posted: Thu Nov 17, 2022 1:30 pm
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.
Re: Range Trading & Sideways Market filters for MT4
Posted: Tue Nov 22, 2022 3:16 am
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?
Re: Range Trading & Sideways Market filters for MT4
Posted: Tue Nov 29, 2022 12:48 am
by pail1217
Jimmy wrote: Thu Nov 17, 2022 1:30 pm
Thanks for the feedback. Glad it has found use in your strategy.
Is there maybe the possibility to provide the indicator as mtf version? Thanks in advance
Re: Range Trading & Sideways Market filters for MT4
Posted: Fri Dec 02, 2022 9:54 am
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