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 a MetaTrader4 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
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Indicator Categories:
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Oscillators MT4 Indicators
Volatility MT4 Indicators
Trading Assist MT4 Indicators
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Platforms:
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MetaTrader 4 Indicators
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Trading Skills:
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Elementary
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Indicator Types:
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Lagging MT4 Indicators
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Timeframe:
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M15-M30 Time MT4 Indicators
H4-H1 Time MT4 Indicators
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Trading Style:
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Day Trading MT4 Indicators
Intraday MT4 Indicators
Scalper MT4 Indicators
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Trading Instruments:
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Indices Market MT4 Indicators
Commodity Market MT4 Indicators
Forex MT4 Indicators
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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. This MetaTrader4 indicator It changes color to show uptrends and downtrends and confirms trends by crossing above or below the zero line on the chart.
Volatility Quality Zero Line MT4 PDF
Volatility Quality Zero Line MT4 PDF
Click to download the PDF version of the Volatility Quality Zero Line MT4 PDF
Does the VQZL Indicator provide signals on the chart?
Yes, the VQZL Indicator does not display signals as arrows but changes color to alert traders about market trend changes.
Is the VQZL Indicator only available for Meta Trader 4?
No, this indicator is available for Meta Trader 4 (MT4) and Meta Trader 5 (MT5). You can download the Meta Trader 5 version at the top of the page.
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