RSX QQE Histo – indicator for MetaTrader 5
The QQE (Quantitative Qualitative Estimator) indicator consists of a smoothed Relative Strength Index (RSI) indicator and two volatility-based trailing levels (fast and slow).
Compared to the original QQE indicator this version is adding:
- Fixed levels (to help further estimate the trend).
- Color changing histogram (based on those levels).
This way we have some more information available to analyze.
This version is also using RSX (a smoother RSI without a lag) in order to further purify the signals.
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