Forex Damiani Volatmeter Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Damiani Volatmeter Indicator. In the code it works with ATR. It has 4 settings, for example Viscosity (default 7), Sedimentation (default 50) and Threshold level (default 1.1). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 1 indicator file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Forex Damiani Volatmeter Indicator
Forex Damiani Volatmeter Indicator is an indicator for MetaTrader 4 based on ATR. It has 4 settings, such as Viscosity, Sedimentation and Threshold level. MQL source code included.
Files in the download: damiani_volatmeter.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Viscosity | 7 | |
| Sedimentation | 50 | |
| Threshold level | 1.1 | |
| Lag supressor | true |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: ATR · MT4 Indicator · MQL4 Source Code