The QQE mod histogram MT4 Indicator is a popular momentum indicator that accurately indicates overbought and oversold market conditions. The color bar displayed on the additional chart helps forex traders to determine price trend and possible reversals with an additional 14-period RSI for double confirmation. Levels 10 and -10 are used to determine overbought and oversold zones.
An Indicator can be used to identify a trend and potential reversal or continuation of a trend. The indicator suits advanced as well as novice forex traders who favor a swing trading approach. The indicator is well-suited for use across all timeframes available in the MT4 platform and can be effectively employed when trading various forex currency pairs. An indicator is useful for short-term as well as long-term trading strategies and may be used with any forex trading system or strategy to confirm price conditions.
Indicator Settings
How to Install QQE mod histogram MT4 Indicator
Download and extract files in the MetaTrader “Indicators” Data Folder found in the Main Menu File section:
The “Indicators” folder is located in the “MQL4” folder.
Restart MetaTrader Platform.
