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- Volatility Quality Zero Line Indicator (VQZL) for Meta Trader 5 Download - Free - [Trading Finder]
Volatility Quality Zero Line Indicator (VQZL) for Meta Trader 5 Download - Free - [Trading Finder]
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The Volatility Quality Zero Line (VQZL) Indicator on the Meta Trader 5 (MT5) platform is a tool for detecting market trends. The VQZL Indicator, presented as an oscillator, displays uptrends in green and downtrends in red. An upward movement of the oscillator indicates increasing strength in the uptrend, while a downward movement indicates a strengthening downtrend, helping traders identify volatility strength.
VQZL Indicator Table
| Category | Oscillator - Volatility - Trading Assist |
| Platform | Meta Trader 5 |
| Skill Level | Beginner |
| Indicator Type | Lagging - Strength |
| Timeframe | 15 minutes - 30 minutes - 1 hour - 4 hours - Daily |
| Trading Style | Scalping - Day Trader - Intra-day Trader |
| Trading Markets | Forex - Indices - Commodities |
Uptrend Confirmation
In the 15-minute chart of USD/CHF, the VQZL Indicator changes color at 0.85652 to signal the beginning of an uptrend. When the oscillator moves above the zero line, it confirms the continuation of the uptrend.
Downtrend Confirmation
In the 15-minute chart of EUR/USD, the VQZL Indicator changes color at the level of 1.08940 to signal the beginning of a downtrend. When the oscillator moves below the zero line, it confirms the continuation of the downtrend.
VQZL Indicator Settings
- Price Smoothing Period: Choose the moving average period
- Price Smoothing Method: Choose the moving average calculation
- Filter: Set the ATR filtering amount
Summary
The Volatility Quality Zero Line (VQZL) Indicator is a trend detection tool based on moving averages and ATR. When the VQZL oscillator crosses above or below the zero level and moves upwards or downwards, it confirms a market trend change.
How do I use the Volatility Quality Zero Line Indicator?
To use this indicator, add it to the price chart. When the indicator line crosses the zero level, it may indicate a trend change or increased volatility. Crossing above the zero line may signal a buy, while crossing below may signal a sell.
What is the Volatility Quality Zero Line Indicator?
The Volatility Quality Zero Line Indicator is a tool for identifying qualitative changes in market volatility. It helps determine potential buy and sell areas.