QQE - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
The QQE (Quantitative Qualitative Estimator) indicator consists of a smoothed relative strength index (RSI) indicator and two volatility-based tracking levels (fast and slow).
Fast Tracking Levels (TL) and Slow TL are constructed by calculating the average range of the smoothed RSI over n periods and then further smoothing the average range using an additional n period Wilders smoothing function. The RSI's smoothed average range is then multiplied by the fast and slow average range multipliers to calculate the final fast and slow tracking levels.
Attachment download
📎 qqe.mq5 (12.96 KB)
Source: MQL5 #20650
QQE - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resource usage and screening suggestions
QQE - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator 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.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •