Damiani Volatmeter trend detection, trade filtering. Personally, I find if there is one area of indicators lacking it is those that help detect where there is a trend or not.
The most common indicator for this purpose is the ADX. A revolution in the 's, but of limited value now in my opinion. I've attached the most recent and previous version of the Damiani Volatmeter indicator for MT4 hoping that someone can convert it to NinjaTrader. I'd love to do it myself but it's above my coding level at this time, although I hope to learn from the results Last edited by roonius; at If the grey line is above the green line, that means the 'noise' is greater than the signal.
The red line in the middle of the old version, and the bottom of the newer version acts as a signal not to trade. I hope this helps. If you're still a bit confused as to how it works I would recommed downloading a non-expiring demo of MetaTrader4 from Alpari and loading it up. The following user says thank you to Elliott Wave for this post: Any concerns or suggestions - let me know. Originally Posted by roonius. You can try attached and modify it.
There were few concerns I found: I will look again tomorrow. It's too late today too tired. Last edited by Elliott Wave; at Made some improvements and reattached newer version see post below.
Happy Thanksgiving to everyone. Hi Roonius, Could you pls post the HA with price or direct me to where it could be found. BTW I like your implementation of the volatmeter. Thanks for the update Roonius. I like the changes you made. When I looked at Ronius's updated code, the way he structured it internally gave me an idea to make the indicator even more flexible.
I added the option to select different moving average and indicator types as the input. You can now select among the following to test for trends: I think there can be some interesting uses here. The ADXVMA could be quite useful as its a moving average type already based on trend characteristics and it may be possible to get the best of both worlds.
Also after a tiny bit of experimenting I think StdDev is showing some nice results. If anyone finds and useful settings be sure to post them. Enjoy and happy thanksgiving for those in the U. I try some more things and update with anything useful and weed out some of the useless functions. Elliott, Thanks for improvements I added one minor improvement - a dropdown box for choosing MA type Reattached improved version in the earlier post. Hi Roonius, A big thankyou for posting this indicator.
Thanks for this indicator Roonius and Elliot Wave. Importing in NT 7. It looks promising, but I can't find in the code or through Googling where the variables stand for. But what's a Sed and a Vis? How do you comment on lines 95 97? Thread Tools Show Printable Version. BB code is On. All times are GMT The time now is Futures, foreign currency and options trading contains substantial risk and is not for every investor.
An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading.
Past performance is not necessarily indicative of future results. View Full Risk Disclosure. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity.
Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.
This website is intended for educational and informational purposes only and should not be viewed as a solicitation or recommendation of any product, service or trading strategy. No offer or solicitation to buy or sell securities, securities derivative or futures products of any kind, or any type of trading or investment advice, recommendation or strategy, is made, given, or in any manner endorsed by any NT affiliate and the information made available on this Web site is not an offer or solicitation of any kind.
Specific questions related to a brokerage account should be sent to your broker directly. The content and opinions expressed on this website are those of the authors and do not necessarily reflect the official policy or position of NT or any of its affiliates.
Please be aware that any performance information provided by a vendor should be considered hypothetical and must contain the disclosures required by NFA Rule c. If you are interested in learning more about, or investigating the quality of, any such Vendor Content you must contact the vendor, provider or seller of such Vendor Content. No person employed by, or associated with, NT or any of its affiliates is authorized to provide any information about any such Vendor Content.
Indicator Development Support for the development of custom indicators using NinjaScript. Page 1 of 2. Damiani Volatmeter trend detection, trade filtering Personally, I find if there is one area of indicators lacking it is those that help detect where there is a trend or not. Send a private message to Elliott Wave. Find More Posts by Elliott Wave.
Send a private message to roonius. Find More Posts by roonius. Any concerns or suggestions - let me know Attached Images. Originally Posted by roonius You can try attached and modify it. Send a private message to traderandreas.
Find More Posts by traderandreas. Thanks Hi Roonius, A big thankyou for posting this indicator. Thanks roonius and Elliott Wave for sharing new indicators.
Send a private message to Ninja B. Find More Posts by Ninja B. Send a private message to Joab Find More Posts by Joab Switch to Hybrid Mode. Switch to Threaded Mode. Automatic Trend Line Detection and Alert. Trade Visulation Options Request. Trend line channels - Oscillator trend lines? Pattern detection via indicator.More...