QQE MT4 Glaz-modified by JustUncleL

This version of the original indicator by Glaz, is just some minor modifications to match the requirements of my "QQE Cross Indicator Alert". The QQE indicator is not a new idea it has been around for a while, there are a number of articles available on the internet explaining the QQE indicator.
Release Notes: Minor Updates
  • Upgraded to Pinescript V3
  • Set Defaults to better suite Longer TF swing analysis
  • Added option to highlight each RSI/QQE cross overs.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?


Thanks For A Wonderful & Simple Indicator.. It Has Helped Solve My Dilemma of Entry/Exit. Iam simply following the same along with Pivots,20,200 sma & PSAR on chart. Thanks OnceAgain
Thanks...Is a default setting is enough or good already??
Is it possible to add color bars based of the histogram. over threshold green, under threshold red and inside threshold white? If so how, when I tried to add color bars it kept all the bars one color
JustUncleL Jose5770
@Jose5770, Should not be difficult, the histogram color is defined by the "hcolor" from line 72. You could just add a line 76 say

barcolor(color=hcolor,title="Bar Color")

that should work.
I absolutely love this indicator, it can be used in many ways! I was wondering if you happen to know if it repainted Thanks
JustUncleL montyjus
@montyjus, There is no forward looking code so it should not repaint on closed candles.
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