QQE of Velocity - indicator for MetaTrader 5
QQE (Quantitative Qualitative Estimation) is normally made using RSI (Relative Strength Index) as a "basic" indicator.
This version is using Velocity (smoother momentum) and it can help in determining trend. Adjust the calculating period to your trading style: longer - to trend traders, shorter - for scalping.
QQE of Parabolic Weighted Velocity - indicator for MetaTrader 5
Forum on trading, automated trading systems and testing trading strategies
Composite Fractal Behavior and its aplications
Sergey Golubev, 2019.02.06 18:38
How to use QQE -
Indicators: QQE [v02] and QQE multi-timeframe [v02]
Sergey Golubev, 2014.03.12 13:02
Quantitative Qualitative Estimation (QQE)
The QQE indicator consists of a smoothed Relative Strength Index
(RSI) indicator and two volatility-based trailing levels (fast and
slow). The Fast Trailing Level (TL) and Slow TL are constructed by
calculating the ATR of the smoothed RSI over n-periods and then further
smoothing the ATR using an additional n-periods Wilders smoothing
function. This smoothed ATR of RSI is then multiplied by the Fast and
Slow ATR Multipliers to calculate the final Fast and Slow Trailing
There are several different methods in which the QQE can be used to
generate trading signals. Here are few of the more common techniques:
Divergence: Looking for divergences between the QQE indicator and
price can prove to be very effective in identifying potential reversal
points in price movement. Trade long on Classic Bullish Divergence:
Lower lows in price and higher lows in the QQE; Trade short on Classic
Bearish Divergence: Higher highs in price and lower highs in the QQE.
Overbought/Oversold Conditions: Much like the original RSI (and other
oscillators), the QQE indicator can be used to identify potential
overbought and oversold conditions in price movements. An Overbought
condition is generally described as the QQE being greater than or equal
to the 70% level while an oversold condition is generally described as
the QQE being less than or equal to the 30% level. Trades can be
generated when any of the QQE outputs (RSI, Fast ATR TL or Slow ATR TL)
crosses these levels. When the RSI, Fast ATR TL or Slow ATR TL crosses
above 30 a buy signal is given. Alternatively, when the RSI, Fast ATR TL
or Slow ATR TL crosses below 70 a sell signal is given.
Can you get it repaired.
It is really needed.
This article was originally posted on "#46 "
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You are a great person.
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I want you to make
1. Press Ctrl + H, then open replace panel
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4. Compile it.
I was able to enter MT4.
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