Qqe Of Rsi Mt4
Alternatively when the rsi fast atr tl or slow atr tl crosses below 70 a sell signal is given.
Qqe of rsi mt4. When the rsi fast atr tl or slow atr tl crosses above 30 a buy signal is given. Qqe new forex indicator is an update of the quantitative and qualitative evaluation indicator that is used in trading binary options on mt4 platforms. Qqe metatrader indicator or quantitative qualitative estimation is based on a rather complex calculation of the smoothed rsi indicators.
This makes the qqe less responsive to. Also this version is drawn directly on chart and even like this the results seem to be ok. One of the main differences between the two is that qqe tends to be a bit smoother as compared to the rsi which on the other hand typically has a more jagged plotting.
Qqe quantitative qualitative estimation is usually calculated using rsi. Trades can be generated when any of the qqe outputs rsi fast atr tl or slow atr tl crosses these levels. You can enable text sound and e mail alerts for this indicator.
As a result we get 2 lines in a separate indicator window fast and slow. This version is using rsi oma rsi of moving average instead and as expected the results are completely different than the original qqe. There is also an important indicator level 50 which is used in signals.
It operates on the principle of formation of indicative signals on a histogram plotted using different colors. The indicator is available for both mt4 and mt5. It is not restricted to any specific currency pairs any trading time or timeframe.
The essence of this forex system is to transform the accumulated history data and trading signals.
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