QQE Indicator
A highly accurate MetaTrader 4 indicator that provides incredible trade entry and exit points.
QQE is an abbreviation for the Qualitative Quantitative Estimation. The indicator is based on RSI enhanced using a smoothing technique. Unlike most indicators, Qqe has withstood the test of time regarding volatility changes, especially after the famous 2008 global financial crisis. Better still, it has no lag and rarely produces false signals.
Trend Trading
The indicator is used to determine the trend. If the indicator is moving above the 50 levels, it is an indication that the trend is an ascending/bullish market. Therefore, you should be looking to buy. This means you can use the indicator as a trade filter by opening a long position when the indicator is above the 50-value level and a short position for lower values.
Overbought and oversold positions
You can use the indicator to identify when the price is on oversold and overbought positions. Therefore, when the indicator surpasses the 70 levels, it is a sign of a strong market perfect for a long position. Similarly, you can take a short position if the indicator goes towards negative values.
Divergence
The indicator can help detect price and momentum divergence. For instance, a bullish divergence occurs when the Qqe indicator sets higher lows, but the prices form lower lows. This is a signal of impending bullish reversal.
Save time withd software.
Related products.
$0
$0
$0