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Winshots QQE Quantitative Qualitative Estimation

The Qualitative Quantitative Estimation (QQE) indicator is a technical analysis tool developed for the MetaTrader 4 (MT4) trading platform. It is designed to help traders identify potential trend reversals and to determine the strength of a current trend.

The QQE indicator is calculated based on the Relative Strength Index (RSI) and Moving Average (MA) indicators. The RSI is used to determine the momentum of price movements, while the MA is used to smooth out the price data and identify trends.

The QQE indicator consists of two lines: the main line and the signal line. The main line is calculated based on a modified version of the RSI, which is then smoothed using a moving average. The signal line is calculated based on the main line and a longer-term moving average.

Traders can use the QQE indicator to identify potential trend reversals when the main line crosses above or below the signal line. When the main line is above the signal line, it is considered a bullish signal, while when the main line is below the signal line, it is considered a bearish signal.

Additionally, traders can use the QQE indicator to determine the strength of a current trend by analyzing the distance between the main line and the signal line. A wider distance indicates a stronger trend, while a narrower distance indicates a weaker trend.

Overall, the QQE indicator can be a useful tool for traders who want to analyze market trends and identify potential trading opportunities. However, as with all technical indicators, it should be used in conjunction with other analysis techniques and risk management strategies.


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5 (1)
Trading in the direction of a strong trend reduces risk and increases profit potential. In general the average directional index (ADX) is used to determine when the price is trending strongly. In many cases, it is the ultimate trend indicator! After all, the trend may be your friend, but it sure helps to know who your friends are.  ADX is used to quantify trend strength. ADX calculations are based on a moving average of price range expansion over a given period of time. The default setting is
What is a Pivot? A pivot is a significant price level known in advance which traders view as important and may make trading decisions around that level. As a technical indicator, a pivot price is similar to a resistance or support level. If the pivot level is exceeded, the price is expected to continue in that direction. Or the price could reverse at or near that level. What does a Pivot Tell You? There are pivots and pivot points. These terms may mean different things to different people
Trading in the direction of a strong trend reduces risk and increases profit potential. In general the average directional index (ADX) is used to determine when the price is trending strongly. In many cases, it is the ultimate trend indicator! After all, the trend may be your friend, but it sure helps to know who your friends are.  ADX is used to quantify trend strength. ADX calculations are based on a moving average of price range expansion over a given period of time. The default setting is
Winshots Trade Assistant EA decides when to take the the first trade based on the H1 time frame and the Stochastic indicator.  It is there to assist you in deciding in which direction you should trade as well as managing all the trades you open on the same chart (it's very useful in scalping on lower time frames).  The first trade will always be 1 micro lot, and decision always based on the H1 time frame.  Then your job is to open further trades in the same direction as top ups MANUALLY. However
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Version 2.1 2023.05.10
- added customized MA filter (default at 200 EMA)