What is the Volatility Quality Zero Line Indicator for MT4?

The Volatility Quality Zero Line Indicator (VQZL) is a technical indicator used to identify market trends and analyze price action. VQZL plots the percentage of traders buying and selling securities at prices above or below the zero line. When there is strong trend momentum, this indicator will often cross over from negative to positive territory, indicating that buyers are becoming more aggressive while sellers are becoming less so.

Volatility Quality Zero Line Indicator

Download the Free Volatility Quality Zero Line Indicator

Conversely, when there’s been little movement or sentiment in the market, VQZL stays within the red or black lines for extended periods. This can help you identify potential buying opportunities early on in your trades!

How to use the Volatility Quality Zero Line Indicator for MT4?

The VQZL displays two lines on your chart: a green line, which indicates where prices are currently located, and a red line, which shows where prices have been in the past. The shorter red line represents higher volatility levels, while the long green line displays lower volatility levels.

Using these two lines as visual guides, you can better understand when price swings will move markets toward or away from trendlines or resistance levels. This information can help you make informed decisions about buying or selling stocks before they reach peak values.

Using VQZL couldn’t be easier – configure it in your trader platform (MT4 preferred), and start profitable forex trading today!

Volatility Quality Zero Line Indicator MT4 trading settings

The settings for the zero line indicator depend on your Forex broker, but in general, you will want to adjust the following locations:

-Line type: You can choose between a moving average (MA) or a simple moving average (SMA). The MA weighting gives more importance to recent data, while the SMA only considers current data.

-Length of moving average: You will want to set this length to capture enough data points, but it isn’t so long that it becomes overwhelming. Ten periods usually work well for most brokers.

-Threshold levels: You can specify different levels at which the zero line should be activated/deactivated. This allows you to make sure you react quickly to volatility changes without overreacting and losing money.

-Drawdown protection: This setting will stop your account from losing money if the market falls below the specified threshold.

Volatility Quality Zero Line Indicator Advantages


The advantage of using the zero line indicator is that it can help you understand where price moves are likely to come from. You can use this information to make informed investment decisions based on risk tolerance and other objectives.

In addition, the quality of an asset’s historical volatility (measured by standard deviation) can provide helpful information about its future potential for growth or decline. Looking at assets with low variability suggests that they are less volatile than more volatile assets, which might indicate a better opportunity for long-term investing.

So far, so good – but how does one use the zero line indicator? The best way to learn is by example! Download our free guide “How To Use The Zero Line Indicator” today and start seeing benefits immediately.

Volatility Quality Zero Line Indicator Disadvantages

However, there are a few disadvantages to using this type of indicator. First and foremost, it isn’t easy to trade without knowing its specific signals. Second, it may be misleading in volatile markets because the zero line may be crossed multiple times without any accurate indication of a trend change. Finally, false breaks can occur due to random noise rather than an underlying trend shift.

Therefore, while the forex volatility quality 0 line indicator can help avoid significant mistakes during trading sessions, users should always remain suspicious and consult with professional traders if they feel uncertain about any given trade setup.

VQZL Indicator installation on MT4

To install the Volatility Quality Zero Line Indicator on the MetaTrader 4 (MT4) platform, you will need to follow these steps:

  1. Download the Volatility Quality Zero Line Indicator file in the “.mq4” format.
  2. Open the MT4 platform and click “File” in the top menu, then select “Open Data Folder.”
  3. Navigate to the “MQL4” folder and then to the “Indicators” folder.
  4. Copy the Volatility Quality Zero Line Indicator file into the “Indicators” folder.
  5. Close the MT4 platform and then reopen it.
  6. Click on “Navigator” in the bottom left corner of the MT4 platform and then select “Custom Indicators.”
  7. Locate the Volatility Quality Zero Line Indicator in the list, then drag it onto a chart.

Once you’ve completed these steps, the Volatility Quality Zero Line Indicator will be installed and ready to use on your MT4 platform. This indicator is designed to measure the volatility of a market; it uses a combination of the ATR (Average True Range) and the ADX (Average Directional Index) indicators to identify volatility quality.

You can customize the settings and input parameters per your requirement, such as the ATR indicator period, the ADX indicator, and the color scheme.

It’s important to note that this indicator can be used on any trading instrument; the user can use it to identify market volatility and make decisions accordingly.

Volatility Quality Zero Line Indicator mt4

Volatility Quality Zero Line Indicator mt4 free download


This article explains installing the Volatility Quality Zero Line Indicator on the MT4 platform. This indicator is designed to measure market volatility and is helpful for traders who want to identify quality opportunities in a volatile market.

Author: Dominic Walsh

I am a highly regarded trader, author & coach with over 16 years of experience trading financial markets. Today I am recognized by many as a forex strategy developer. After starting blogging in 2014, I became one of the world's most widely followed forex trading coaches, with a monthly readership of more than 40,000 traders! Make sure to follow me on social media: Instagram | Facebook | Linkedin | Youtube| Twitter | Pinterest | Medium | Telegram Channel | Quora | Reddit

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