This is the Volatility Quality Zero Line Indicator. This indicator measures volatility strength.
Release Notes
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Minor code edits
Release Notes
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v1.1 : Added Settings and Thresholds
Release Notes
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Fixed Typos.. The way to use the indicator:
Green is BULLISH
Red/Fuchsia is BEARISH
Blue is CONSOLIDATION
Feel free to play around with Thresholds. If you're comparing this against the MT4 version, I have applied a factor of 1000 in VQ0. So 0.003 in MT4 means 3 in this version.
Release Notes
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V2.0 : Made changes to display right values across multiple TF and asset classes
how can i modify it to be more sensitive? the current stock settings are never changing color, even during massive trends.
GnomeSagn
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@djporter91, change the vq0_th value from 0.002 to 0.0002 and the colors will start to work the way they are supposed to.
bayesianman
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how to estimate the vq0_th ? i think 0.002 is too small fro crpyt
artengo
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Hi mate,
I am using your IO_Volatility Quality Zero Line by sarangab and it's really good. however I would like to convert it to MT4 or use the MT4 version. I think there is some version of it in forex station but I cannot tweak it as your TV version.
on your version what MA or calculation are you using?
thanks a lot and great job. this indi is very accurate.