Forwarded from FOREX VIP
The QQE Histogram is an MT4 momentum indicator developed to aid forex day traders with real-time overbought/oversold signals.
This indicator also includes a 14-period RSI that offers a double confirmation about the possible price reversals.
When both QQE and RSI show positive value, we consider the momentum is bullish. The indicator value moves above 10, and the bars turn red when the market turns overbought.
Conversely, the QQE bars drop below the zero-line along with the RSI slope when the momentum turns bearish.
We’ll consider the market as oversold when the QQE bars move lower than the -10 level and show up in red color.
Buy Conditions:
- The QQE histogram starts rising from the zero-line
- The RSI slope carries a positive value
- Exit long when the indicator value drops below 10
Sell Conditions:
- The QQE histogram bars drop below the zero-line
- The RSI shows a negative value
- Exit short after the indicator value manages to rise above -10
This indicator also includes a 14-period RSI that offers a double confirmation about the possible price reversals.
When both QQE and RSI show positive value, we consider the momentum is bullish. The indicator value moves above 10, and the bars turn red when the market turns overbought.
Conversely, the QQE bars drop below the zero-line along with the RSI slope when the momentum turns bearish.
We’ll consider the market as oversold when the QQE bars move lower than the -10 level and show up in red color.
Buy Conditions:
- The QQE histogram starts rising from the zero-line
- The RSI slope carries a positive value
- Exit long when the indicator value drops below 10
Sell Conditions:
- The QQE histogram bars drop below the zero-line
- The RSI shows a negative value
- Exit short after the indicator value manages to rise above -10
🔥12😁11❤10👍8👏8🥰6🎉3
Forwarded from FOREX VIP
✔️GOLD VIP Signal Today Hit TP1💥🎯➕220 PIPS 💵🔥 😎😎 close half order and move SL to break-even if u r conservative trader or u have small account 👌
❤11🎉10😁8👍6👏6🔥5🥰4
💵 U.S. Dollar Index (DXY)
🟢The dollar index is up 0.10% at 103.02. Stronger-than-expected U.S. inflation (CPI: 0.4% versus 0.3% forecast) and rising Treasury yields have supported the dollar.
@thepricetraderfx
🟢The dollar index is up 0.10% at 103.02. Stronger-than-expected U.S. inflation (CPI: 0.4% versus 0.3% forecast) and rising Treasury yields have supported the dollar.
➡️Continued expectations of tight Fed policy could pave the way for a test of the 103.09 high. Any easing of those expectations could increase the risk of a dollar pullback.
@thepricetraderfx
🎉15❤11🥰11🔥9💯9👍7👏4😁4
Forwarded from FOREX VIP
Introduction to the Double Channel Forex Scalper Indicator
The Double Channel Forex Scalper indicator is a great accuracy trading tool that is a combination of three moving averages and buy/sell arrows.
Similarly to all other scalping indicators, this one was also made for lower timeframes (like M5). However, it also works pretty well on higher timeframes too (like H4 or D1).
Simplified trading rules for Double Channel Scalper are following:
A green arrow on the chart suggests the scalping trend is up.
A red arrow on the chart suggest the scalping trend is down.
The Double Channel Forex Scalper indicator is a great accuracy trading tool that is a combination of three moving averages and buy/sell arrows.
Similarly to all other scalping indicators, this one was also made for lower timeframes (like M5). However, it also works pretty well on higher timeframes too (like H4 or D1).
Simplified trading rules for Double Channel Scalper are following:
A green arrow on the chart suggests the scalping trend is up.
A red arrow on the chart suggest the scalping trend is down.
❤10🥰8👍6🔥6🎉6💯6