📈 QQE of Parabolic Weighted Velocity

QQE (Quantitative Qualitative Estimation) is normally made using RSI (Relative Strength Index) as a “basic” indicator.

This version is using Parabolic Weighted Velocity and it can help in determining trend. Adjust the calculating period to your trading style: longer – to trend traders, shorter – for scalping.

PS: this is a standalone indicator. It does not need any other indicator in order to work correctly.

QQE of Parabolic Weighted Velocity – indicator MetaTrader 5

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