QQE MOD Indicator (Mihkel00 Concept, Port)

QQE MOD Indicator  is a trading indicator based on the well known QQE MOD indicator concept originally developed by Mihkel00 and widely used as an indicator in TradingView. This version is an Indie port adapted for the TakeProfit platform, preserving the original logic while respecting platform constraints.

The QQE MOD indicator is built on the Relative Strength Index and represents a smoothed version of the RSI combined with Average True Range based volatility calculations. The indicator applies quantitative qualitative estimation to identify market trend strength, momentum shifts, and potential reversals across different timeframes.

This indicator uses two QQE calculations with different parameters, allowing traders to analyze both primary and secondary market signals. The first QQE line is used as a trend and volatility filter, while the second QQE provides signal confirmation through histogram behavior and threshold conditions. This dual QQE approach helps reduce false signals and improves overall signal quality.

The QQE MOD indicator also integrates Bollinger Band logic applied to the QQE line itself, adding an additional layer of volatility analysis. This combination of RSI, ATR, moving average smoothing, and Bollinger Band filtering makes the indicator suitable for qualitative and quantitative market estimation.

The indicator works across multiple timeframes and can be used in forex trading, crypto markets, and other leveraged instruments. It is suitable for trend following, scalp strategies, and identifying potential entry and exit points in both bullish and bearish market conditions.

QQE MOD Indicator provides visual trading signals through histogram columns and trend lines, helping traders identify overbought and oversold conditions, momentum shifts, and possible reversals. It can be used for manual trading, backtesting, and as part of a broader trading system or combination of technical indicators.

This Indie port is based on the original TradingView indicator logic written in Pine Script, with careful adaptation to Indie syntax. While alerts and some TradingView specific features may differ due to platform limitations, the core quantitative qualitative estimation logic and signal behavior are preserved.

The indicator does not guarantee profits and should be used with proper risk management, stop loss rules, and consideration of current market conditions. QQE MOD Indicator is designed to support trading decisions, not replace them, and works best when combined with price action analysis and other technical indicators.