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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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