Volatility Quality Zero Line Indicator (VQZL) for MT5 Download - Free

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

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.