This is the Volatility Quality Zero Line Indicator. This indicator measures volatility strength.
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Minor code edits
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v1.1 : Added Settings and Thresholds
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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.
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.
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V2.0 : Made changes to display right values across multiple TF and asset classes
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v2.1 Minor code edits
-- INVSTO