QQE Signals Metatrader 5 Forex Indicator

QQE is short for Quantitative Qualitative Estimation and is buillt using the RSI (Relative Strength Index) as the base indicator.

In addition to using the RSI as a base indicator, the QQE Signals forex indicator deploys velocity (smoother momentum) as a tool to aid in determining trend.

As a multi time frame Metatrader 5 forex indicator, the indicator supports all timeframes and introduces three additional special time frames:

  • Next higher timeframe: foremost higher timeframe compared to active chart
  • Second higher timeframe: second higher timeframe compared to active chart
  • Third higher timeframe: third higher timeframe compared to active chart

Free Download

Download the “QQE of velocity – mtf.ex5” MT5 indicator

Example Chart

The AUD/USD H1 chart below displays the QQE Signals Metatrader 5 forex indicator in action.

Basic Trading Signals

Buy Signal: Go long when the thicker (typically deep sky blue) line of the QQE Signals forex indicator breaks above the zero level.

Sell Signal: Go short when the thicker (normally light salmon) line of the QQE Signals forex indicator dips below the zero level.

Exit buy trade: Close all buy orders if while a bullish trend is ongoing, the thicker line of the QQE Signals indicator dips below the zero level.

Exit sell trade: Close all sell orders if while a bearish trend is ongoing, the thicker line of the QQE Signals indicator breaks above the zero level.

Tips: Trading the QQE Signals forex MT5 indicator in conjunction with other technical indicators will ensure a higher likelihood for success.

Download

Download the “QQE of velocity – mtf.ex5” Metatrader 5 indicator

MT5 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 5

Type: chart window indicator

Customization options: Variable (Time frame, Velocity period, Velocity smoothing factor, Fast period, Slow period, Price, Interpolate in multi time frame mode?), 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 QQE of velocity – mtf.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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