QQE New Arrow Indicator: profitable modification of the classics
QQE New Indicator is an updated version of the popular quantitative-qualitative Forex QQE indicator, which, in turn, is based on smoothed readings of the standard RSI indicator.
The QQE New indicator has added signal arrows that indicate signals to buy (green arrow) and sell (red arrow). The principle of formation of signals and the coloring of histogram sections is similar to the conventional QQE indicator.
In the QQE New indicator it is possible to set the appearance of arrows and alerts not only for the signal line crossing, but also for the zero line crossing.
According to ForTrader.org experts, the use of QQE New indicator will greatly simplify trading for fans of this indicator, but when using it, it is recommended to introduce additional filters to reduce false signals.
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