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Views:: 8067
Rating:: (11)
Published:: 2018.09.27 15:26

Damiani_Volatmeter.mq5 (13.19 KB) view

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Damiani Volatmeter - trend/flat determining algorithm.

There are five inputs:

Viscosity;
Sedimentation;
Threshold;
Lag suppressor - whether to limit lagging (Yes/No);
Applied price - price used for calculations.

Calculations:

If Lag suppressor:

LineP = ATR_V / ATR_S + (LineP[1]-LineP[3]) / 2.0

Else:
```
LineP = ATR_V / ATR_S
```

LineM = Threshold - StdDevV / StdDevS

where:

ATR_V - ATR(Viscosity)
ATR_S - ATR(Sedimentation)
StdDevV - StdDev(Viscosity)
StdDevS - StdDev(Sedimentation)

If the M line (red) is below the P line (green), there is a flat in the market. If above, there is a trend.

Fig. 1. Damiani_Volatmeter + Lag suppressor

Fig. 2. Damiani_Volatmeter without Lag suppressor

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21700

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Damiani_Volatmeter - indicator for MetaTrader 5