OPEN-SOURCE SCRIPT

IO_Volatility Quality Zero Line

By sarangab

Updated

This is the Volatility Quality Zero Line Indicator. This indicator measures volatility strength.

Release Notes

Minor code edits

Release Notes

v1.1 : Added Settings and Thresholds

Release 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 classes

Release Notes

v2.1 Minor code edits

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

sarangab

-- INVSTO

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