The Volatility Quality Indicator MT5 is a free and popular forex indicator that is useful for traders of all levels. This MT5 indicator is based on the Volatility Quality Index, which measures the quality of the price movement in the forex market. The Volatility Quality Indicator MT5 helps traders identify high-quality trends with greater accuracy. It also helps to identify low-quality trends that may be less profitable. The Volatility Quality Indicator MT5 works by measuring the volatility of the market at different times and then analyzing the quality of the price movements. The indicator compares the current price to the historical volatility of the market to determine the quality of the trend. If the current price is higher than the historical volatility, then the trend is considered to be of higher quality. If the current price is lower than the historical volatility, then the trend is considered to be of lower quality. This indicator is popular among forex traders because it helps to identify high-quality trends and low-quality trends with greater accuracy.
The Volatility Quality Indicator MT5 is a useful and popular free Forex indicator for the MetaTrader 5 trading platform. The indicator works by measuring the difference between the highest and lowest prices of a given period. It then compares this difference to the average price of the period and displays the results as a percentage. This indicator is a great tool for traders looking to identify market volatility and the quality of a trend.
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How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.