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Using Parabolic Weighted Velocity in a QQE Trend Indicator

Article MQL5 code base
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Summary

This short description presents a QQE-style indicator that replaces the commonly used Relative Strength Index input with Parabolic Weighted Velocity. It says the modified indicator is intended to help identify trend direction and can operate on its own, without requiring another indicator. It also suggests adjusting the calculation period to match the intended pace of trading: longer periods for trend trading and shorter ones for scalping.

The document gives no calculation rules, parameter values, chart examples, market context, or performance evidence. As a result, it explains the proposed input substitution and broad period-selection idea but does not show how to interpret signals or assess them. The scalping and trend-trading guidance is qualitative, and the text does not establish that the indicator is profitable or suitable across instruments and conditions.

Key ideas

  • The indicator adapts QQE by using Parabolic Weighted Velocity instead of RSI.
  • The described purpose is to help identify trends.
  • The suggested calculation period is longer for trend trading and shorter for scalping.
  • The description says the indicator works independently, but supplies no formula or performance evidence.

Tags

Technical indicatorsTrend following

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.