QQE for Rsi(oma) - On Chart - MetaTrader 5 Script - MT4/MT5 Resources
QQE (Quantitative Qualitative Estimate) usually uses the following method to calculate the relative strength index. This version uses Rsi(oma) (RSI of the moving average) instead of QQE. As expected, the results are completely different from the original ones. Also, this version is plotted directly on the chart, and even then the results seem to be okay
You can use color changes as signals
Attachment download
📎 qqe_of_rsikomabkon_charts.mq5 (18.56 KB)
Source: MQL5 #24502
QQE for Rsi(oma) - On the chart - MetaTrader 5 script usage and screening recommendations
QQE for Rsi(oma) - On Chart - MetaTrader 5 Script belongs to the trading scripts related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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