Quantitative Qualitative Estimation (QQE)The indicator QQE, is an interesting tool based on a Relative Strength Index (RSI). While the original RSI is often used as a pointer for overbought or oversold market phases, the QQE provides additional information. Use the QQE to display trend direction and trend strength .
For me this is one of the most important indicator for Trend Following.
##This QQE indicator is an improved version made by 'mladen' for Metatrader 4.
The histogram does not differ from the original QQE! The developer has adapted the scaling so that the central horizontal level is zero. It has no effect to the result, but is much more convenient to analyze the trend.
Main Signals
Background changes when the black line crosses the grey line.
Identify the trend direction
Singal turns green while the main QQE trendline is above the zero line and red while it is below.
This works best in the major timeframes like Daily or Weekly.
You can activate this signal in the settings.
NYSE:THO
Identify the trend strength
_Histogram Colors_
Green (above 10): bullish
Red (below -10): bearish
Yellow: flat
It is not a buy or sell signal when the color of the histogram changes. It only says that one side could gained the advantage.
If you use a large timeframe like Monthly, you can reduce the number of false signal by setting the SF (Slow Factor) from 5 (default) to 1.
S&P 500, Monthly
Please always remember, there is no holy grail indicator!
...but this one defines trends quite accurately.
Batze_ch
Mansfield Relative Strength Multi TrendThis indicator is an advanced studie of 'Mansfield Relative Strength Trend' indicator
Since it is too time consuming to constantly change the index, I have developed a multi-index indicator.
The default order of the indexes is:
1. S&P 500
2. Dow Jones Industrial Average
3. Nasdaq Composite
4. NYSE Composite
5. DAX
You can change all indexes in the settings if you want.
*********************************
'Stan Weinstein' developed an indicator called Relative Strength which compares the relative strength of a stock with the associated index.
This indicator combines the relative strength with Weinstein's stage analysis.
The indiacator was made for weekly stock charts only!
BUY & HOLD Conditions (green):
1. Mansfield Relative Strength is above the zero line
2. Price is above the Simple Moving Average (30)
3. Simple Moving Average (30) is rising
SELL & HOLD Conditions (red):
1. Mansfield Relative Strength is below the zero line
2. Price is below the Simple Moving Average (30)
3. Simple Moving Average (30) is falling
It is recommended to end the trade when the trend changes.
*********************************
Please always remember, there is no holy grail indicator!
Genesis Matrix Trading SystemThe original code and strategy was developed by "realjumper" for Metatrader 4:
www.forexfactory.com
The 5-15 Genesis Strategy and Genesis Summary PDF
www.forexfactory.com
EMA is configured as follows:
Length: 5
Source: hlc3
Offset: 2
Please always remember, there is no holy grail indicator!
Mansfield Relative Strength Trend'Stan Weinstein' developed an indicator called Relative Strength which compares the relative strength of a stock with the associated index (in this case the S&P 500).
This indicator combines the relative strength with Weinstein's stage analysis.
The indiacator was made for weekly stock charts only!
BUY & HOLD Conditions (green):
1. Mansfield Relative Strength is above the zero line
2. Price is above the Simple Moving Average (30)
3. Simple Moving Average (30) is rising
SELL & HOLD Conditions (red):
1. Mansfield Relative Strength is below the zero line
2. Price is below the Simple Moving Average (30)
3. Simple Moving Average (30) is falling
It is recommended to end the trade when the trend changes.
Default index is S&P 500, but you can change the index in the settings if you want.
Please always remember, there is no holy grail indicator!
AO and AC Zones (Bill Williams)The colored Zones is the combination of the Awesome Oscillator (AO) and Accelerator Oscillator (AC) indicator by Bill Williams.
If both AO and AC bars are uptrending, the zone is blue
If both AO and AC bars are downtrending, the zone is red
If AO and AC have different colors, the zone is gray
Blue and red zones
This zones allows you to trade more aggressively, you could also add to current positions
Gray zone
You should avoid those flat (or choppy) market and don't open new positions or add to your current ones
You could use this indicator also in combination with MACD.
Please always remember, there is no holy grail indicator!
