Originally volatility quality was invented by Thomas Stridsman, and he uses it in combination of two averages.
This version:
This doesn't use averages for trend estimation, but instead uses the slope of the Volatility quality. In order to lessen the number of signals (which can be enormous if the VQ is not filtered), some versions similar to this are using pips...
![BTCUSDT: Zero-line Volatility Quality Index (VQI) [Loxx]](https://s3.tradingview.com/e/EK0tbp6M_mid.png "Zero-line Volatility Quality Index (VQI) [Loxx]")
