QQE Signal Arrows and Alerts

QQE Signal Arrows & Alerts (MT5) is a lightweight QQE oscillator (Quantitative Qualitative Estimation Indicator) with clear Buy/Sell arrows on the main chart and configurable alerts. Signals are generated on the crossover between the QQE trailing line and the smoothed RSI line and are delivered as confirmed signals: the arrow is plotted on the next candle after the cross.

Features

• QQE oscillator in a separate window (2 lines + level 50)

• Buy/Sell arrows on the main chart on confirmed crossovers

• Alerts: Popup / Sound / Email / Push (optional)

• ATR-based arrow offset (auto adapts to Forex, Gold, Crypto, Indices)

• Adjustable arrow size & colors

• EA/iCustom support: line buffers + dedicated BUY/SELL signal buffers (confirmed)

Trend confirmation using the 50-level

The dotted 50-level helps confirm the overall bias:

• Long signals are typically stronger when both lines are above 50.

• Short signals are typically stronger when both lines are below 50.
  (Optional confirmation filter to reduce noise in sideways markets.)

How to use (3 steps)

1. Attach the indicator to a chart.

2. Recommended: enable useAtrOffset = true and adjust atrMultiplier to your preference.

3. When the yellow line (RSI-MA) crosses the red line (QQE-TL), the signal is confirmed and the arrow is plotted on the next candle.

Important inputs (quick)

• RSI_Period – RSI period

• SF – RSI smoothing

• QQE_Factor – sensitivity

• alertsOn – enable alerts

• alertsOnCurrent – alerts on current bar (true) or confirmed only (false recommended)

• arrowsOn – show arrows

• arrowSize – arrow size

• buyArrowColor / sellArrowColor – arrow colors

• useAtrOffset – ATR auto offset (recommended)

• atrPeriod – ATR period

• atrMultiplier – offset in ATR units

• arrowsOffsetPts – fallback offset in points (if ATR is disabled)

FAQ

Q: Does it repaint?
A: Signals are designed as confirmed crossovers: arrows are plotted on the next candle after the cross.

Q: What are the recommended timeframes?
A: QQE is a universal momentum indicator, but it performs best on timeframes where market noise is reduced:

• H1, H4, and Daily: Most reliable for trend following. Signals tend to be stronger and can catch larger moves.

• M5 and M15: Good for scalping, but consider using a higher timeframe trend filter (e.g., only take M5 longs if H1 is bullish).

Q: Can I use the signals in an EA?
A: Yes. The indicator provides dedicated BUY/SELL signal buffers (confirmed), in addition to the oscillator line buffers.

Looking for a trend filter?
Check out my paid indicator HalfTrend ATR Bands & Alerts (MT5) — trendline + ATR pullback zones + touch alerts + EA buffers.

Disclaimer

This indicator is an analysis tool and not financial advice. Always test settings on a demo account first.

If you find this indicator useful, a short review really helps and supports future updates. Thank you!

Support: edgelanetrading@gmail.com
Copyright: Edgelanetrading – Tolga Özdiler