The Volatility Quality Trend indicator for Metatrader 5 shows solid buy and sell trend-following signals in a separate chart window.
The indicator appears as a green & orange colored signal line in a bottom window and should perform well for any currency pair.
How to trade with the Volatility Quality Trend indicator?
- The green colored signal line forecasts a bullish trend.
- The orange colored signal line forecasts a bearish trend.
For M1 and M5 chart traders: deploy the indicator during the London and New York trading sessions for best results.
The Volatility Quality Trend indicator has the following inputs and parameters: price smoothing period (5), price smoothing method, and filter (20.0).
Make yourself familiar with this technical indicator and test it first on a demo account.
Remember to have realistic expectations, performance will vary depending on market conditions (trending markets, sideways markets, etc.).
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Volatility quality.mq5 Indicator (MT5)
Chart Example
The following chart shows what the Volatility Quality Trend Forex indicator looks like when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Volatility Quality Trend Indicator?
Find a simple trading example below:
Buy Signal
- The appearance of the green colored Volatility Quality signal line is a buy signal.
- Execute a buy order and place a stop loss below the previous swing low price.
- Close the buy trade for a reward to risk ratio of 1.5, or wait for the orange colored Volatility Quality line.
Sell Signal
- The appearance of the orange colored Volatility Quality signal line is a sell signal.
- Execute a sell order and place a stop loss above the previous swing high price.
- Close the sell trade for a reward to risk ratio of 1.5, or wait for the green colored Volatility Quality line.
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Volatility quality.mq5 Indicator (MT5)
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the Volatility quality.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration