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- VQ Zero Line 4 Timeframes Indicator for MetaTrader 4 Download - Free - [TFlab]
VQ Zero Line 4 Timeframes Indicator for MetaTrader 4 Download - Free - [TFlab]
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The VQ Zero Line 4 Timeframes Indicator (4 Frame VQ Zeroline NMC Time) is an advanced tool for market movement analysis in MetaTrader 4 indicators. This tool provides a comprehensive view of market trends and fluctuations by simultaneously analyzing four different timeframes.
The indicator operates based on the concept of the Zero Line (Zeroline), which acts as a boundary between bullish and bearish trends. A green color above the zero line indicates an uptrend, while a red color below the zero line indicates a downtrend.
Specifications Table of the Indicator
The table below summarizes the features of this indicator:
Category | Trading Tool – Oscillator – Signal and Forecast |
Platform | MetaTrader 4 |
Skill Level | Intermediate |
Indicator Type | Breakout – Reversal – Continuation |
Timeframe | Multi-Timeframe |
Trading Style | Day Trading |
Trading Market | Forex – Cryptocurrency – Stocks |
Indicator in an Uptrend
When similar price increase signals appear across most timeframes (at least three), the probability of success in the trade significantly increases.
In an uptrend, these signals include price breaking through resistance levels, increased trading volume, and the appearance of a green color in the oscillator window.
Indicator in a Downtrend
When signals of price decrease are seen across most timeframes (at least three timeframes), the likelihood of success in sell trades increases dramatically.
These signals include the price breaking below key support levels, weakness in temporary price rises, and the indicator turning red.
The presence of these signals across multiple timeframes indicates seller dominance in the market, intensifying the downtrend.
Indicator Settings
This indicator is presented with simple settings in two main sections:
- Chart Theme: Background theme of the chart
- Timeframe 1: Current timeframe
- Timeframe 2: Next timeframe
- Timeframe 3: Second next timeframe
- Timeframe 4: Third next timeframe
- MA Period: Number of moving average periods
- MA Method: Type of moving average
- Filter: Signal filter value
- Label Color: Label color
- Alerts On: Alert status
- Alert Message: Alert message
- Alert Sound: Alert sound
- Alert Email: Send email alert upon signal
Conclusion
The VQ Zeroline 4 Timeframes Indicator is one of MetaTrader 4’s advanced trading assist indicators. This oscillator allows the adjustment of parameters like MA Period, MA Method, and Signal Filter.
Traders can use this indicator and other MetaTrader 4 oscillators to precisely identify entry zones. This tool is particularly useful in volatile market conditions, as increasing the filter value identifies stronger signals.
What is the VQ Zeroline 4 Timeframes Indicator?
It is an advanced tool for analyzing market movements that simultaneously monitors four timeframes. Based on the position of the Zero Line (Zeroline), it displays bullish and bearish zones.
What type of moving averages does this indicator use?
The indicator uses a linear weighted moving average (LWMA) for greater sensitivity to short-term changes and a Simple Moving Average (SMA) for analyzing long-term trends.