Damiani Voltameter Oscillator for MT4 Download – Free – [TradingFinder]

The Damiani Voltameter 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 provides traders with essential information about the proper timing for entering trades.

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

Table of Specifications for Damiani Voltameter Indicator

Specifications of Damiani Voltameter Oscillator are as follows.

Damiani Voltameter Oscillator at a Glance

In the Damiani Voltameter indicator, whenever the green line is above the gray line, the market trend is real. Whenever the gray line is above the green, the market is low volatility.

Additionally, this indicator uses a horizontal red line to mark areas of low volatility and a ranging price.

Uptrend Conditions

Based on the USD/CAD one-hour chart, the gray line is above the green line, and the indicator identifies the range area with the red line.

As shown, as soon as the green line rises 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 situation, due to the price’s inclination toward lower levels, the price breaks the range downward, and the trend turns bearish.

Settings of the Damiani Voltameter Oscillator

Settings of Damiani Voltameter Indicator are as follows:

• Viscosity: Number of candles for market noise calculation;
• Sedimentation: Period for smoothing price fluctuations and continuous market behavior;
• Threshold_level: Threshold level for comparing volatility with noise to determine a trading signal;
• lag_supressor: Activation of the delay reduction mechanism in signal output.

Conclusion

The Damiani Voltameter oscillator helps identify inappropriate times for trading in low-volatility and directionless markets.

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