The QQEA MT4 Indicator is a very useful indicator. One of well well-known Qualitative Quantitative Estimation Indicators. The indicator is based on a smoothed Relative Strength Index (RSI) indicator and Fast and Slow trailing Levels calculated with ATR (Average True Range) of the smoothed RSI of a period of time and Multipliers to calculate displayed levels.
An Indicator can be used to identify potential overbought and oversold conditions in price movements. An Overbought condition is identified as being greater than or equal to the 70% Indicator level while an oversold condition is less than or equal to the 30% level. An indicator is most helpful for long-term trading strategy and may be used with any forex trading system or strategy to confirm price conditions.
Indicator Settings
How to Install QQEA 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.
