Volatility Quality Zero Line Indicator (VQZL) Download for Meta Trader 4 - Free [TF Lab]

The Volatility Quality Zero Line (VQZL) Indicator detects trends using moving averages and calculates volatility using the ATR (Average True Range). It is presented as an oscillator on the Meta Trader 4 platform, providing trading signals in two colors: red (downtrend signal) and green (uptrend signal). Additionally, it confirms the trend by crossing above or below the 0 level.

VQZL Indicator Table

Uptrend Confirmation

In the 1-hour chart of WTI, the VQZL Indicator confirms an uptrend when the oscillator line changes color from red to green at the price of 74.88 and moves above the zero level.

Downtrend Confirmation

In the 15-minute chart of the GER40 index, the VQZL Indicator confirms a downtrend when the oscillator line changes color from green to red at the price of 18,470.2 and moves below the zero level.

VQZL Indicator Settings

• Price Smoothing: Moving average period
• Price Smoothing Method: Type of moving average calculation
• Filter: ATR filter

Summary

The Volatility Quality Zero Line (VQZL) Indicator is an oscillator based on moving averages and ATR. It changes color to show uptrends and downtrends and confirms trends by crossing above or below the zero line on the chart.