MT5 Volatility Quality Zero Line Indicator (VQZL) Download - Free | Forex Indicator Download - MetaTrader 5 Resources

The Volatility Quality Zero Line (VQZL) indicator is a trading tool on the Meta Trader 5 (MT5) platform used to detect market trends. This VQZL Indicator , rendered as an oscillator, shows uptrends in green and downtrends in red.

Upward movement of the MetaTrader5 oscillator indicates increasing strength of an uptrend, while downtrend indicates increasing strength of a 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 marking the beginning of an uptrend . When the oscillator moves above the zero line, the continuation of the uptrend is confirmed.

Downtrend confirmed

In the 15-minute chart of EUR/USD , the VQZL Indicator changed color with the level 1.08940 marking the beginning of the downtrend. When the oscillator falls below the zero line, it confirms the continuation of the downtrend.

VQZL indicator settings

• Price Smoothing Period: Choosing a Moving Average Period
• Price Smoothing Method: Select Moving Average Calculation
• Filter: Set the ATR filter amount

Summary

The Volatility Quality Zero Line (VQZL) indicator is a trend detection tool based on moving averages and ATR . When the VQZL MT5 indicator crosses above or below the zero level and moves up or down, it confirms a change in market trend.