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Published:

2019.02.06 16:44

QQE of Rsi(oma)(on chart).mq5 (18.56 KB) view

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Theory :

QQE (Quantitative Qualitative Estimation) is usually calculated using RSI. This version is using Rsi(oma) (RSI Of Moving Average) instead and, as expected, the results are completely different than the original QQE. Also, this version is drawn directly on chart, and even like this the results seem to be OK

Usage :

You can use color change as signals

QQE of Rsi(oma)

QQE - on chart

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QQE of Rsi(oma) - on chart - indicator for MetaTrader 5