QQE MetaTrader indicator — or Quantitative Qualitative Estimation, is based on a rather complex calculation of the smoothed RSI indicators. As a result we get 2 lines in a separate indicator window — fast and slow. There is also an important indicator level (50), which is used in signals. You can enable text, sound and e-mail alerts for this indicator. The indicator is available for both MT4 and MT5.

Input parameters

  • SF (default = 5) — a smoothing factor.
  • AlertLevel (default = 50) — indicator level for alerts. It is not recommended to change it.
  • NativeAlerts (default = false) — if true, message alerts will appear.
  • EmailAlerts (default = false) — if true, email alerts will be sent according to the MetaTrader email settings.
  • NotificationAlerts (default = false) — if true, push-notification alerts will be sent according to the MetaTrader notifications settings.

QQE Indicator Example MetaTrader Chart

In the original QQE indicator trading system, the signals are generated when the blue line crosses level 50 and when it crosses the yellow (dotted) line. But I recommend using the following signals for trading: go long when the blue line crosses yellow line from below while both are below level 50; go short when the blue line crosses yellow line from above while both are above level 50.

Downloads (ver. 1.02, 2022-03-20)

QQE for MetaTrader 4 in .zip

QQE for MetaTrader 4 in .mq4

QQE for MetaTrader 5 in .zip

QQE for MetaTrader 5 in .mq5


Warning! If you do not know how to install this indicator, please read the MetaTrader Indicators Tutorial.

Do you have any suggestions or questions regarding this indicator? You can always discuss QQE with the other traders and MQL programmers on the indicators forums.


1.02 - 2022-03-20

  • Added an option to send push-notification alerts to mobile devices.
  • Refactored source code.

1.01 - 2019-04-18

  • Fixed a bug that could prevent the indicator from working.

1.00 - 2010-04-20

  • First release of QQE on EarnForex.com.

© 2005–2022


Design — Mart Studio

Forex trading bears intrinsic risks of loss. You must understand that Forex trading, while potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose! Trading with leverage can wipe your account even faster.

CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors.