Damiani_Volatmeter - MetaTrader 5 Script - MT4/MT5 Resources
Damiani Volatmeter - Trend/flatness determination algorithm.
There are five inputs:
If the hysteresis suppressor:
LineP = ATR_V / ATR_S + (LineP[1]-LineP[3]) / 2.0
Others:
Line P = ATR_V / ATR_S
LineM = Threshold - StdDevV/StdDevS
Where:
ATR_V - ATR (viscosity) ATR_S - ATR (sedimentation) StdDevV - StdDev (viscosity) StdDevS - StdDev(Settlement)
If the M line ( red ) is below the P line ( green ), there is an apartment on the market. If it is higher, there is a trend.
Figure 1. Damiani_Volatmeter + hysteresis suppressor
Figure 2. Damiani_Volatmeter without hysteresis suppressor
Attachment download
📎 damiani_volatmeter.mq5 (13.19 KB)
Source: MQL5 #21700
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •
