Re: Range Trading & Sideways Market filters for MT4

#71
Wobstix wrote:
Mon Jan 18, 2021 3:04 pm
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 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
Try it out.

PS: For the standard version, please see here: Damiani Volatmeter for MT4.
Damiani Volatmeter v3.2 histo alerts.mq4
(15.15 KiB) Downloaded 1355 times
EURUSDM15.png


IdeaRe: Range Trading & Sideways Market filters for MT4

#72
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).
How to use Damiani Volameter indicator Range Trading MT4.png
Trade with the broker that supports our work! FBS are offering $140 to get you started! Click here to begin live trading, today.
No commissions are earned by Forex-station.


Guide to the "All Averages" Filters (ADXvma, Laguerre etc.) 🆕
How to draw Fibonacci Extensions the easy way
How to easily find & draw major Support & Resistance

IdeaRe: Range Trading & Sideways Market filters for MT4

#73
mrtools wrote:
Tue Jan 19, 2021 4:57 am
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
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.

Re: Range Trading & Sideways Market filters for MT4

#75
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

#76
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
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.
Trade with the broker that supports our work! FBS are offering $140 to get you started! Click here to begin live trading, today.
No commissions are earned by Forex-station.


Guide to the "All Averages" Filters (ADXvma, Laguerre etc.) 🆕
How to draw Fibonacci Extensions the easy way
How to easily find & draw major Support & Resistance


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