QQE Histogram Metatrader 5 Forex Indicator

The basic QQE (Quantitative Qualitative Estimator) indicator is comprised of a smoothed Relative Strength Index or RSI indicator, along with two fast and slow volatility-based trailing levels.

Our QQE histogram Metatrader 5 forex indicator is a modified QQE technical indicator that adds a couple of cool features to the basic QQE indicator such as:

  • Discontinued signal line levels which is deployed to further gauge the trend
  • Color altering histograms that are based on the aforementioned levels

The color changes of the QQE histogram Metatrader 5 forex indicator or of its histograms can be used as a buy/sell forex trading signal.

Free Download

Download the “DSL QQE histo.ex5” MT5 indicator

Example Chart

The EUR/CAD M30 chart below displays the QQE Histogram Metatrader 5 forex indicator in action.

Basic Trading Signals

Buy Signal: Go long when the dark gray line of the QQE Histogram Metatrader 5 forex indicator intersects the ascending deep sky blue line in a bottom up manner.

Sell Signal: Go short when the dark gray line of the QQE Histogram Metatrader 5 forex indicator crosses the descending light salmon line in a top downward fashion.

Exit buy trade: Close all buy orders if while a bullish trend is ongoing, the light salmon QQE Histogram forex indicator line breaks below the 50.00 level.

Exit sell trade: Close all sell orders if while a bearish trend is ongoing, a deep sky blue QQE Histogram forex indicator line breaks above the 50.00 level.

Tips: The QQE Histogram indicator for Metatrader 5 works for scalpers, day traders and swing traders.

Download

Download the “DSL QQE histo.ex5” Metatrader 5 indicator

MT5 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 5

Type: chart window indicator

Customization options: Variable (RSI period, RSI smoothing factor, Fast period, Slow period, Price, DSL signal period) Colors, width & Style.

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: oscillator

Installation

Copy and paste the DSL QQE histo.ex5 indicator into the MQL5 indicators folder of the Metatrader 5 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL5 > Indicators (paste here)

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