QQE MT4 [JOY]

I have taken Glaz's code from

and converted to V6 to ensure we have the latest version.


Smoothed RSI (yellow) via EMA with configurable period; serves as the main signal line.

ATR of the smoothed RSI is double‑smoothed with a Wilder lookback (RSI2−1) and scaled by the QQE multiplier to form dynamic bands.

Slow trailing stop (red) tracks the smoothed RSI; trend flips when smoothed RSI crosses the opposite band.

How to use it?

* Trend bias: red line below yellow = bullish bias; red above yellow = bearish bias.
* Crossovers: bullish when smoothed RSI crosses above the red trailing stop; bearish on the opposite cross.
* Works best on volatile pairs as in the original description; test and tune the multiplier and smoothing for your market/timeframe.
* Because it’s derived from an oscillator, signals are on RSI scale, not price; overlays will not show price-level stops.