QQE by Velocity - Multiple Time Frames - MetaTrader 5 Script - MT4/MT5 Resources
QQE (Quantitative Qualitative Estimate) is usually performed using RSI (Relative Strength Index) as the "fundamental" indicator.
This version uses Velocity (smoother momentum), which can help determine trends. Furthermore, it is already an independent multi-timeframe indicator.
The timeframes supported in this version are all possible timeframes supported by MetaTrader 5, which has 3 "special" timeframes:
Attachment download
📎 qqe_of_velocity_-_mtf.mq5 (24.12 KB)
Source: MQL5 #21996
QQE by Velocity - Multiple Time Frames - MetaTrader 5 Script Usage and Screening Advice
Velocity's QQE - Multiple Time Frames - MetaTrader 5 Script is a resource related to Forex indicators. 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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