"Qgrid" Indicator
Last updated
Last updated
The Qgrid indicator is what we like to call our "pull-back position adding" indicator.
It was purpose built for Renko bricks, but can easily be suited to normal candlesticks on any timeframe or market.
The intended use of the Qgrid indicator is simple.
Rather than taking trades based on the "BULL" or "BEAR" flags, instead we would look to take entries based on the DOTS (either light or dark blue) or "ADDS" as they're called in the indicator.
These add points can provide some great entries when price pulls back into the Qgrid MA line (light and dark blue line) of the Qgrid.
The Qgrid indicator can be adjusted to suit any chart.
The Qgrid uses dual heiken ashi smoothing in it's code to provide traders with a clear view of trending price action.
Traders can adjust the "smooth period" of each Heiken Ashi setting to make them more, or less sensitive to price action on the chart.
Traders can also adjust the sensitivity of the "Step Moving Average", which will tighten or loosen the advanced step-moving average (light and blue line) to price.
A lower figure = more sensitive (tighter moves), a higher figure = less sensitive (longer moves).
You can find some videos of the Qgrid in action right here:
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