Qualitative Quantitative Estimation (QQE)

Category: momentum, volatility

Qualitative Quantitative Estimation (QQE) uses a smoothed RSI and a derived trailing volatility band (Fast Trailing Level) based on a Wilders-smoothed ATR of the RSI.

Formula

RSI_{MA} = EMA(RSI, SF) \\\\ DAR = EMA(EMA(|RSI_{MA, i-1} - RSI_{MA, i}|, 27), 27) \times 4.236 \\\\ TrLevel = \text{Trailing stop logic using DAR and } RSI_{MA}

Inputs

• SF (default: 5)
• AlertOnCrossover (default: false)
• AlertLevel (default: 50)
• UpperTimeframe (default: PERIOD_CURRENT)

See signal primitives, usage in published strategies and more on WOBR StrategyVerse.