[RS]Damiani Volatmeter V0

Request for jackvmk.
Adapted from:
||--- Damiani_volatmeter.mq4 v3.2
||--- Copyright © 2006,2007 Luis Guilherme Damiani
||--- http://www.damianifx.com.br

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study(title='[RS]Damiani Volatmeter V0', shorttitle='DV', overlay=false)
//  ||  Adapted from:
//|                        Damiani_volatmeter.mq4  v3.2              |
//|                     Copyright © 2006,2007 Luis Guilherme Damiani |
//|                                      http://www.damianifx.com.br |

//  ||-----------------------------------------------------------------------------------------||
//  ||  Inputs:
vis_atr = input(13)
vis_std = input(20)
sed_atr = input(40)
sed_std = input(100)
threshold_level = input(1.4)

lag_supressor = input(true)
lag_s_K = 0.5

//  ||-----------------------------------------------------------------------------------------||
//  ||  
s1=nz(vol[1], 0)
s3=nz(vol[3], 0)

vol = lag_supressor ? atr(vis_atr) / atr(sed_atr) + lag_s_K*(s1-s3) : atr(vis_atr) / atr(sed_atr)
anti_thres = stdev(close, vis_std) / stdev(close, sed_std)
t = threshold_level - anti_thres
vol_m = vol > t ? -1 : 0.03
//  ||-----------------------------------------------------------------------------------------||
//  ||  Outputs:
plot(title='V', series=vol, color=lime)
plot(title='A', series=t, color=silver)
plot(title='T', series=vol_m, color=maroon)
a year ago
thank you very much creative hand.
a year ago
Thank you....
Is there a way plot the bar number on the 5 mins chart similar to this screenshot


Number resets to 1 for the 1st bar of the day

Thank you for your help
RicardoSantos PRO jamesbond123
a year ago
not currently as pinescript doesnt support dynamic string placement, its possible to hack around it but is limited to the amount of plot()s you can have in one script.
a year ago
Thanks Ricardo. Have you heard of IV Gempo indicator? According to this http://www.nairaland.com/1161559/new-trend-forex-indicators-amazing/1 works great with Damiani V.

The STRATEGY from the site above using Damiani and 3 other...

The first indicator is called IV Gempo.
1. Identification of a new trend with sound alert
2. It doesn’t repaint signal
When you see a green thump shown on your chart it is time to buy. When you see a red thump on your chat it time to sell.

The second indicator is Damiani Volatmeter.
1. It is the best indicator to tell you when a trend or signal is weak or flat. Whenever green line is above the white line and IV gempo gives the signal to buy or sell, just follow and the trend will ever be your friend

The third indicator is Barry support and resistance
It is used to determine the resistance and support area. The major uses of support and resistance is to avoid sudden reversal. Therefore it not good to trade near support and resistance level. Though Diamiani volatmeter will caution you as well. Always wait till the break of support or resistance before you place your trade.

The fourth is Fibbonaci Line;
It is used to determine the high and low of a trend. I used 1hr time frame

1. Wait for IV Gempo to give you the signal to buy or sell
2. Check if damiani volatmeter green line is above white line. If IV gempo tell you buy or sell and damiani volatmeter green line is below white line, it a noise and don’t trade
3. If support or resistance level is closer to signal level don’t trade, wait for the break in either direction.

+1 Reply
RicardoSantos PRO cristian.d
a year ago
never heard, and the link lacks source code.
RicardoSantos PRO RicardoSantos
a year ago
jackvmk provided the mq4 source, but i didnt find a way to adapt it.
cristian.d RicardoSantos
a year ago
Thanks Ricardo for your effort. I will be looking myself for something usable.
What is the maroon indicator at bottom?
RicardoSantos PRO dave.seremek
a year ago
volatility on/off
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