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Forex technical indicator IFX QQE

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MetaTrader - Forex technical indicator IFX QQE Empty Forex technical indicator IFX QQE

Post  Admin Tue Apr 14, 2015 2:39 pm

Description
IFX_QQE is a technical indicator for #MetaTrader that traders can apply on the forex market. QQE was invented on the basis of developed and modified RSI by famous Russian trader Roman Ignatov.

Formula
Rsi_r:= (rsiprice – ref(rsiprice,-1));
Rsi_rs:= Wilders(if(rsi_r>0,rsi_r,0),rsiperiods) / Wilders(if(rsi_r<0,Abs(rsi_r),0),rsiperiods);
RSIndex:= Mov((100-(100/(1+rsi_rs))),SF,ST);

Trading use
1. A buy signal is formed when the red line of IFX_QQE crosses the green line of the #indicator upward. The upward crossing of 50 level by the green line is also considered as a buy signal.
2. A sell signal is created when the red line of IFX_QQE crosses the green line of the indicator downward. The downward crossing of 50 level by the green line also indicates a sell signal.

MetaTrader - Forex technical indicator IFX QQE Qqe_graph

Forex technical indicator IFX QQE
Reviewed by Trader on Forex
Rating: 5
Rating

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Last edited by Admin on Sat Apr 21, 2018 2:41 pm; edited 7 times in total
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MetaTrader - Forex technical indicator IFX QQE Empty Re: Forex technical indicator IFX QQE

Post  ResinKan Sun Jun 07, 2015 11:30 am

I've never heard about this indicators, thanks for sharing!
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