The default settings in this version have also been changed, particularly the Moving Averages, to indicate trend changes quicker. QQE or Qualitative Quantitative Estimation is based on the relative strength index , but uses a smoothing technique as an additional transformation. Three crosses can be selected all selected by default: This indicator should work on any currency pair, most chart timeframes and expiry in 3 to 6 candles for binary option trading.
For hourly or longer charts expiry can be longer for binary options, or if available use standard forex trading techniques Some Hints for using this indicator: Avoid taking trades in non-trending market, this is normally indicated by a near Horizontal SMA50 line.
Avoid trading when all the moving averages are close together. When trading 1min and 5min charts, expiry should set to candles. Avoid trading when market choppy, this is normally indicated by the fast EMA8 crossing the EMA20 back and forwards quickly. Don't trade near nor directly on any major market news sometime better no trade day. Please practise this system in DEMO first, before committing any real money.
Be patient the more you practise the better and more confident you will be. I hope you enjoy this indicator, it has proven very effective for me. ShayanJafarzadeh , Try looking here http: JustUncleL , i meant to say it doesnt apply on my chart.
JustUncleL , it just says qqecross v2 bt justuncleL indicator pine error. Just came across this, thank you for creating this! Alternatively wait for the dot to appear at bottom of the screen.
There should be no re-painting of historical alerts. I use this indicator a lot and I have not come across any historical re-painting. This is really great! Thanks for all the hard work JustUncleL. I'm curious to where you derived your default settings from 6,3,2. Thanks and keep up the great work: Oh never mind, looks like it's all answered in the description! Feel free to experiment a bit.
This indicator has proven very effective for me I still use it a lot, but I did a lot of practice with it to establish a good rapour with the indicated Price action. From the creators of MultiCharts. Select market data provided by ICE Data services.More...