QQE MetaTrader indicator | FREE Forex Trading Indicator

The QQE MetaTrader indicator, which stands for Quantitative Qualitative Estimation, is based on a rather complex calculation of smoothed RSI indicators. As a result, we get two lines — fast and slow — in a separate indicator window. In addition, there is an important indicator level (50), which is used in signals. This indicator supports text, sound, and e-mail alerts. The indicator is compatible with both MT4 and MT5.

Input parameters

  • SF (default = 5) — a smoothing factor.
  • AlertLevel (default = 50) — indicator level for alerts. It is not recommended to change it.
  • MsgAlerts (default = true) — if true, message alerts will appear.
  • SoundAlerts (default = true) — if true, sound alerts will be used.
  • SoundAlertFile (default = “alert.wav”) — a file name of the sound of sound alert.
  • eMailAlerts (default = false) — if true, e-mail alerts will be sent according to the MetaTrader e-mail settings.

QQE Indicator Example MetaTrader Chart



Signals are generated in the original QQE indicator trading system when the blue line crosses level 50 and when it crosses the yellow (dotted) line. However, I recommend trading with the following signals: When the blue line crosses the yellow line from below and both are below level 50, go long; when the blue line crosses the yellow line from above and both are above level 50, go short.

Downloads

QQE for MetaTrader 4 in .zip

QQE for MetaTrader 4 in .mq4

QQE for MetaTrader 5 in .zip

QQE for MetaTrader 5 in .mq5


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