QQE New Indicator
From the Old Kings archive: QQE New Indicator, an indicator for MetaTrader 4. In the code it works with RSI and ATR. It draws arrows on the chart and can send alerts. It has 32 settings, for example SF (default 5), RSIPeriod (default 6) and WP (default 4.236). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 1 indicator file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About QQE New Indicator
QQE New Indicator is an indicator for MetaTrader 4 based on RSI and ATR. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 32 settings, such as SF, Rsi period and WP. MQL source code included.
Files in the download: QQE New Indicator\FXProSystems - best Trading Systems and Indicators.url, QQE New Indicator\MQL4\Indicators\QQE-New.mq4, QQE New Indicator\templates\QQE New Indicator.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| SF | 5 | |
| Rsi period | 6 | Period or timeframe used by the calculation |
| WP | 4.236 | |
| Upper bound | 60 | |
| Lower bound | 40 | |
| _ | Alerts Settings | |
| Alerts on | true | Turn this alert on or off |
| Alerts on zero cross | false | Turn this alert on or off |
| Alerts on signal cross | true | Turn this alert on or off |
| Alerts on current | false | Turn this alert on or off |
| Alerts message | true | Turn this alert on or off |
| Alerts sound | true | Turn this alert on or off |
| Alerts notify | false | Turn this alert on or off |
| Alerts email | false | Turn this alert on or off |
| Sound file | alert2.wav | Turn this alert on or off |
| Arrows visible | true | |
| Arrows identifier | qqe Arrows1 | |
| Arrows displacement | 1.0 | |
| Arrows on zero cross | false | |
| Arrows up zero cross color | DeepSkyBlue | Colour on the chart |
| Arrows dn zero cross color | Red | Colour on the chart |
| Arrows up zero cross code | 233 | |
| Arrows dn zero cross code | 234 | |
| Arrows up zero cross size | 1 | |
| Arrows dn zero cross size | 1 | |
| Arrows on signal cross | true | |
| Arrows up signal color | Lime | Colour on the chart |
| Arrows dn signal color | Red | Colour on the chart |
| Arrows up signal code | 241 | |
| Arrows dn signal code | 242 | |
| Arrows up signal size | 3 | |
| Arrows dn signal size | 3 |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Buy/Sell Arrows · Alerts · RSI · ATR · MT4 Indicator · MQL4 Source Code