This is in fact a filter for ranging/choppy hours.
Trading Rules :
To avoid entering a position during a ranging market, when noise line (grey) is above signal line (green) do not trade, and visceversa.
Its a very powerful indicator and even more if you find the right settings for each pair.
Trading Rules :
To avoid entering a position during a ranging market, when noise line (grey) is above signal line (green) do not trade, and visceversa.
Its a very powerful indicator and even more if you find the right settings for each pair.
Download
Damiani_volatmeter.mq4
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