New redesigned Volatility Quality Index indicator(VQI) from tradingview terminal.
Alerts have been added to the indicator, as well as two types of signal lines.
Since the original indicator redraws the last two bars, the signals are not repainting in our indicator.
Filters and smoothing have been saved from original indicator, our optional trend filters and the ability to connect the indicator to Projectreaper indicators have been added.
Customizable graphical profit and loss levels have also been added.
Original VQI technical indicator plot the current market volatility with trend direction signals.
Supported Features :
Projectreaper Connect – USER GUIDE
Projectreaer Trend OS Filters – USER GUIDE
Settings :
PriceSmoothing – vqi line smoothing period
PriceSmoothingMethod – smoothing type
Signal1Period – period of the first signal line
Signal2Period – period of the second signal line
Filter – pips filter
DrawBars – bars to display
Alerts
Popup_Alert – enable terminal alert windows
SoundAlert – enable sound alerts
SMSPushAlert – Push alerts to your phone
EmailAlert – Email alerts to your phone
SignalName – title of signals
Buy_Text_Alert – buy signal text
Sell_Text_Alert – sell signal text
ShowPipTags – display the potential price movement in pips from the last signal
ShowTPSL – enable/disable the display of SL and TP levels.
SLBars – the number of bars to calculate the levels
SignalBarRangeSL – additional check of the size of signal candlesticks
MaxSLPips – limit the maximum stop loss value (0 – off)
MinSLPips – minimum stop loss value (0 – off)
MaxTPPips – limit of the maximum take profit value (0 – off)
MinTPPips – minimum take profit value (0 – off)
TP1_Ratio – ratio of take profit to stop loss of the first TP level
TP2_Ratio – ratio of take profit to stop loss of the second TP level
TP3_Ratio – ratio of take profit to stop loss of the third TP level
Style
Buy_Arrow_Color – buy arrow color
Sell_Arrow_Color – sell arrow color
Arrows_Width – arrow size
VQI_BUY_Line – vqi buy line color
VQI_SELL_Line – vqi sell line color
SIGNAL_Line – first signal line color
SIGNAL2_Line – second signal line color
How to install :
1. Download file
2. Unzip archive and copy the MQL4 folder from the archive to your terminal Data folder
3. Restart terminal and apply the indicator to a chart
4. Register a valid email with single time donation or log in with previously registered email address.
5. You can switch your broker account any time you need by logging in with previously registered email address
How to find Data folder :
in the terminal click File menu – Open Data Folder
Good trading!
If you need help
Write down comment or use the feedback button