Damiani Volameter MT4 indicator

The Damiani Volameter is another trend and range filter. When the white line is above the green line, a red line will print at the bottom of the indicator window and it shows that the market is ranging. When the green line is above the white line, the market is trending. The indicator does not display which direction the market is trending, thus, you might need to add another directional indicator like momentum, to make it a complete trading system.

How do I use it?

Like the squeeze break trend and range filter indicator, I suggest using it just purely to filter the ranging market from the trending market. Like most range and trend filters, the challenge is to know when the range market is ending and when the new trend is starting, vice versa.

Trending market = use trend strategies (moving average cross, etc)

Range market = use range strategies (stochastics, oscillators)

Here’s a screenshot of it in action:

Damiani volameter

MT4 version

Download MT4 version: Damiani volameter


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11 thoughts on “Damiani Volameter MT4 indicator

  1. James McAvoy

    Thankyou for describing how this works, I downloaded it a while ago and forgot about it.
    Can you please detail a little about what the parameters mean (viscosity, sedimentation)? I have fiddled around to get the gist of what they do on the chart, but I want to be sure that I’m using it correctly.
    Would you recommend just using the default?: (viscosity = 7, sedimentation = 50, threshold = 1.1, lag_suppressor = true).

      1. Team ATG

        It only uses the bid prices to make calculations, so in that sense, it does not take into account the spread.

    1. Team ATG

      Hi James,

      Thanks for dropping by. My suggestion is to use the defaults. The indicator is meant to keep you out of sideways markets, so once you understand this concept, the parameters do not really matter a lot.


    Hello , good day . I just downloaded the indicator but it does show the value as shown in the picture . In the pictue , it shows ” do not trade ” . however I cannot see any massage on this indicator. Can you plese explain what I am doing it wrong


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