Since I was using similar technic before, I have mapped some of indicators I apply together with this method. It is easier if you change color for shorter TMA color to like yellow to identify intersection area. 1. ZigZag - if you apply like 34, 21, 12 - it will map many of those Peak & Valley to the area of TMA ATR Channel Intersection of two Time Frame. 2. Double MACD, ( 12, 26, 1 & 5, 15, 1 ) it should match peak & Vally to the area of TMA ATR Channel Intersection of two Time Frame. {image} {image}
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Hi there. Do you mind sharing this indicator or telling me what its called. Id like to try it out please. Its from your comment on page 3.
{quote} Hi there. Do you mind sharing this indicator or telling me what its called. Id like to try it out please. Its from your comment on page 3. {image}
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It is called QQE indicator .
Basically it is smothered RSI - that has RSI + extra line.
Since it has RSI and other additional feature, I use in replacement of RSI.
the one in the thread was from MT5 but I am attaching mt4 version.
You can get QQE and its various versions easily once your search internet.
idk if my template is right ? is everything correct ? And did i understand right if the price touch the upper bands and bands cross that is sell position and opposite for long position
