Damiani Volatmeter Oscillator MT4 – Free – MetaTrader 4 Resource

The Damiani Volatmeter indicator is designed to identify and display phases of high and low volatility in the market.

This trading tool does not directly generate buy or sell signals, but rather provides traders with basic information about the right time to enter a trade.

The Damiani voltmeter oscillator consists of two lines: the green line (wave line) and the gray line (noise line), which together define the positioning relative to each other.

Damiani Voltmeter Indicator Specification Sheet

The specifications of the Damiani voltmeter oscillator are as follows.

Damiani voltmeter oscillators at a glance

In the Damiani Voltmeter indicator, whenever the green line is above the gray line, the market trend is real. When the gray line is above the green line, market volatility is lower.

Additionally, the indicator uses horizontal red lines to mark low volatility and range-bound price areas.

Uptrend Conditions

According to the USD/CAD one-hour chart, the gray line is above the green line and the indicator marks the range area with a red line.

As shown in the figure, once the green line breaks above, the trend also becomes bullish .

downtrend conditions

According to the Binance Coin (BNB) cryptocurrency 30-minute chart, the volatility line crosses the gray line and moves above it.

In this case, the trend turns bearish as the price breaks out of the range downwards as it tends towards lower levels.

Damiani Voltmeter (Voltmeter) Oscillator Settings

The Damiani voltmeter indicator is set up as follows:

• Viscosity: The number of candles used to calculate market noise;
• Sedimentation: A period of smoothing price fluctuations and sustained market action;
• Threshold_level: Compares volatility to noise to determine the threshold level for trading signals;
• lag_supressor: Activates the delay reduction mechanism in the signal output.

Conclusion

The Damiani Voltmeter Oscillator helps identify inappropriate trading times in low-volatility and directionless markets.

This trading tool cannot generate buy and sell signals; instead, it filters out favorable and unfavorable market conditions.