VQ Zero Line 4 Timeframes Indicator for MT5 Download - Free - [TFlab]

The 4 Time Frame VQ Zero Line Indicator (4 Frame VQ Zeroline NMC Time) for MetaTrader 5 Indicators uses the combination of four different timeframes simultaneously to provide a comprehensive view of market trends and fluctuations.

This tool is designed based on the Zero Line concept, acting as a boundary to identify bullish and bearish trends.

Indicator Specifications Table

Below is a table outlining the specifications of this oscillator.

Overview of the Indicator

Green above the zero line indicates a bullish trend, while red below the zero line signifies a bearish trend across various timeframes. This trading tool combines multi-timeframe data and uses two types of moving averages to smooth market changes and reduce noise:

1. Linear Weighted Moving Average (LWMA): Places more emphasis on recent prices, making it suitable for short-term trend analysis.
2. Simple Moving Average (SMA): Gives equal weight to all data points, ideal for identifying long-term trends.

Indicator in Bullish Trends

In the chart of the USD/CAD currency pair, the indicator displays price trends across four different timeframes.

Observing a consistent bullish trend in at least three timeframes, along with the necessary confirmations, allows traders to enter a Buy position.

Indicator in Bearish Trends

The chart below shows Bitcoin on a 4-hour timeframe. After the oscillator's dashed lines turn red in three timeframes, the market enters a bearish trend.

Traders can refer to shorter timeframes and their trading strategies to enter a Sell position.

Indicator Settings

This indicator has simple settings divided into 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 adjustment value
• Label Color: Label color
• Alerts On: Enable alerts
• Alert Message: Send alert messages
• Alert Sound: Enable sound alerts
• Alert Email: Send alert emails for signals

Conclusion

The 4 Time Frame VQ Zero Line Indicator offers customization options for the number of periods (MA Period), type of moving average (MA Method), and signal filter (Filter).

This oscillator allows traders to personalize it according to their strategies, enabling them to detect stronger signals by increasing the filter value in volatile markets.