OPEN-SOURCE SCRIPT
Updated IO_Volatility Quality Zero Line
This is the Volatility Quality Zero Line Indicator. This indicator measures volatility strength.
Release Notes
Minor code editsRelease Notes
v1.1 : Added Settings and ThresholdsRelease Notes
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
V2.0 : Made changes to display right values across multiple TF and asset classesRelease Notes
v2.1 Minor code editsOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
-- INVSTO
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
-- INVSTO
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.