Volatility Quality Zero Line Indicator MT4
- Indikatoren
- Eda Kaya
- Version: 1.3
Volatility Quality Zero Line Indicator (VQZL) for Meta Trader 4
The Volatility Quality Zero Line (VQZL) Indicator is designed to evaluate market direction by utilizing moving average calculations alongside ATR (Average True Range) to measure price volatility. Displayed as an oscillator within the Meta Trader 4 terminal, it offers visual signals through two colors: green, signaling bullish momentum, and red, indicating bearish momentum. A trend confirmation occurs once the oscillator crosses the zero line from either direction.
«Indicator Installation & User Guide»
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VQZL Indicator Table
Category | Oscillator - Volatility Analysis - Trade Confirmation Tool |
Platform | Meta Trader 4 |
Skill Level | Beginner |
Indicator Type | Lagging - Momentum |
Timeframe | M15 - M30 - H1 - H4 - Daily |
Trading Style | Scalping - Day Trading - Intraday Trading |
Trading Markets | Forex - Stock Indices - Commodities |
Bullish Trend Detection
On the WTI 1-hour chart, a bullish trend is confirmed by the VQZL Indicator when the signal line turns green at the 74.88 price point and rises above the zero threshold.
Bearish Trend Detection
On a 15-minute timeframe of the GER40, the VQZL Indicator validates a bearish shift as the signal line changes to red at 18,470.2 and crosses below the zero axis.
VQZL Indicator Settings
- Price Smoothing: Period for smoothing the input data
- Smoothing Method: Chosen moving average type
- Filter: Applied ATR-based filter for volatility adjustment
Summary
The Volatility Quality Zero Line (VQZL) Indicator functions as a volatility-based oscillator incorporating ATR and moving averages. It visually indicates market trends through dynamic color changes and reinforces direction through zero-line crossovers, making it a valuable tool for traders in various markets.