Description
A combination of Exponential Moving Average and Relative Strength Index. Go Long when QQE is rising, exit and sell when QQE is falling and vice versa.
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daemon
Joined on 30.08.2012
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: QualitativeQuantitativeE.algo
- Rating: 5
- Installs: 7855
- Modified: 13/10/2021 09:55
Comments
I read up on this indicator prior to using, I went live straight away having done my DD, had confidence to use. My first trade picked 174 pips XUAUSD (GOLD). Subsequent trades have been gained (and lost), though smaller 20 to 30 pip range, that was all the moves gave anyway before retreating. I draw trend lines as well as support and resistance levels on the indicator in conjunction with the same on price chart searching for breaks with price action for entry and again for exit. Also a divergence spotter. Versatile indicator.
Can I please have a source code for this indicator?