IFX_QQE indicator
IFX_QQE is a technical indicator for MetaTrader that traders can apply on the forex market. QQE was invented on the basis of developed and modified RSI by famous Russian trader Roman Ignatov.
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IFX_QQE is a technical indicator for MetaTrader that traders can apply on the forex market. QQE was invented on the basis of developed and modified RSI by famous Russian trader Roman Ignatov.
Rsi_r:= (rsiprice – ref(rsiprice,-1));
Rsi_rs:= Wilders(if(rsi_r>0,rsi_r,0),rsiperiods) / Wilders(if(rsi_r<0,Abs(rsi_r),0),rsiperiods);
RSIndex:= Mov((100-(100/(1+rsi_rs))),SF,ST);
1. A buy signal is formed when the red line of IFX_QQE crosses the green line of the indicator upward. The upward crossing of 50 level by the green line is also considered as a buy signal.
2. A sell signal is created when the red line of IFX_QQE crosses the green line of the indicator downward. The downward crossing of 50 level by the green line also indicates a sell signal.
SmoothFactor - 5
