Signal to noise filter-indicator
The main function of this indicator is to show you when NOT TO TRADE and cut all false buy sell entry signals.


Download: Damiani_volatmeter.mq4 ( right click - SAVE AS...) to your mt4/experts/indicators
Timeframes: m5, m15, m30, 1h, 4h, d

Free indicator that can be used:
The purpose of this indicator is to identify market phases that have too small amplitudes. These
phases are useless even for systems designed for trading ranges markets. You will need other indicators.
 When the green line is BELOW (or very near) the gray line - DON'T trade.

Source: Open Forex sources

Kind regards

Karl Dittmann