Qualitative Quantitative Estimation (QQE) Foreign exchange Indicator
The Qualitative Quantitative Estimation (QQE) indicator for MetaTrader4 is computed primarily based on a mixture of smoothed Transferring Common of RSI together with the common true vary i.e. ATR deployed as a volatility primarily based trailing cease indicators.
Unstable property equivalent to foreign exchange, futures, shares and many others. will be monitored utilizing the Qualitative Quantitative Estimation (QQE) indicator. The indicator shows two strains; a quick and a sluggish shifting trailing cease strains.
One of many important parameters that’s used on the Qualitative Quantitative Estimation (QQE) is the:
Smoothing Issue (SF): which is basically the shifting common interval that’s deployed in smoothing the Relative Energy Index (RSI) indicator.
Buying and selling alerts are generated on the Qualitative Quantitative Estimation (QQE) indicator when the blue line crosses the 50 degree and when it breaks the blue dotted line. Howbeit, I’ll recommendation that you simply stick with the next alert developments: place a purchase sign when the blue line crosses the blue dotted line upwards whereas each strains are beneath the 50 degree, whereas you may also provoke a promote entry when the blue line crosses the blue dotted line downwards when each strains are above the 50 degree.
One other manner during which the QQE does generate alerts is by divergences between the worth and the QQE in a bid to identify possible setups for pattern continuation or pattern reversal.
Value might type decrease lows, whereas the QQE may type increased lows (a situation for bullish divergence) and worth can even type increased highs, whereas the QQE indicator kinds decrease highs (a situation for bearish divergence).
MT4 Indicator Traits
Forex pairs: Any
Platform: Metatrader 4
Sort: chart window indicator
Customization choices: Variable (SF), Colours, width & Model.
Time frames: 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week
Sort: divergence and convergence, pattern[ad_2]