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QQE Metatrader 4 Forex Indicator

    QQE is short for Qualitative Quantitative Estimation and represents a Metatrader 4 forex indicator that uses the smoothed Moving Average of Relative Strength Index indicator.

    It’s an oscillator that tries to find discrepancies in which price forms a new maximum while overcoming the level of its previous maximum.

    The QQE indicator also uses the ATR (Average True Range) as a volatility based trailing stop technical tool.

    The indicator does pretty well when monitoring assets like futures, stocks, forex etc.

    There are two default lines found within the indicator window: a dotted yellow line (slow trailing stop line) and a dodger blue line (fast trailing stop line).

    Free Download

    Download the “qqe.ex4” MT4 indicator

    Example Chart

    The EUR/USD H1 chart below displays the QQE Metatrader 4 forex indicator in action.

    Basic Trading Signals

    Buy Signal: Go long when the dodger blue line of the QQE Metatrader 4 forex indicator breaks above the 50.00 signal level.

    Sell Signal: Go short when the dodger blue line of the QQE Metatrader 4 forex indicator dips below the 50.00 signal level.

    Exit buy trade: Close all buy orders if while a bullish trend is running, the yellow dotted line of the QQE indicator crosses the dodger blue line in a top downward manner to hover above it.

    Exit sell trade: Close all sell orders if while a bearish trend is ongoing, the yellow dotted line of the QQE indicator intersects the dodger blue line in a bottom up fashion to stay below it.

    Tips: The QQE indicator can also be used in spotting divergence between price and the indicator, thus helping currency traders determine buy/sell setups for trend reversal or trend continuation.


    Download the “qqe.ex4” Metatrader 4 indicator

    MT4 Indicator Characteristics

    Currency pairs: Any

    Platform: Metatrader 4

    Type: chart window indicator

    Customization options: Variable (Alert Level, Msg Alerts, Sound Alerts, Sound AlertFile, eMail Alerts), width & Style.

    Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

    Type: oscillator | trend | divergence


    Copy and paste the qqe.ex4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.

    You can access this folder from the top menu as follows:

    File > Open Data Folder > MQL4 > Indicators (paste here)

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