Damiani Volameter Indicator for MT4
Filter out sideways markets and focus on trending conditions. The Damiani Volameter uses colored lines to signal when the market is ranging (avoid) or trending (trade), helping you choose the right strategy.
Click to enlarge
How Damiani Volameter Works
The indicator displays white and green lines. When the white line exceeds the green line, a red signal appears indicating a ranging market. When green exceeds white, the market is trending.
Red Line (Ranging)
White line > Green line - avoid trend strategies, use oscillators
Green Dominant (Trending)
Green line > White line - apply trend-following strategies
Usage Tips
- Does not indicate trend direction - pair with momentum indicators
- During ranging: Use stochastics and range-bound strategies
- During trending: Use moving average crossovers
- Default settings: Viscosity 7, Sedimentation 50, Threshold 1.1
Key Features
Market Condition Filter
Clearly identifies ranging vs trending conditions
Strategy Selector
Know when to use trend vs range strategies
Customizable Parameters
Adjust viscosity, sedimentation, and threshold settings
Download Damiani Volameter
Click the button below to download the indicator files. Completely free, no signup required.
6,501 downloads
How to Install (5 Steps)
Download the Indicator
Click the download button to get the ZIP file
Extract Files
Unzip to access the indicator file
Copy to Indicators
In MT4: File > Open Data Folder > MQL4 > Indicators
Restart MT4
Close and reopen MetaTrader 4
Attach to Chart
Drag from Navigator onto your chart
Screenshots
White line above green = trending, below = ranging
Click to enlarge
Frequently Asked Questions
Does Damiani Volameter show trend direction?
No, it only indicates whether the market is ranging or trending. Use additional indicators like MACD or moving averages to determine direction.
What are the best settings?
The default settings work well for most markets: Viscosity 7, Sedimentation 50, Threshold 1.1, with Lag Suppressor enabled.
Does it account for spreads?
The indicator calculates using bid prices only and does not account for spreads in its calculations.
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Ready to Use Damiani Volameter?
Download now and start identifying better trading opportunities
Download Free100% free, no signup required. Works with MT4.