Qualitative Quantitative Estimation (QQE) with Alerts

Category: momentum, volatility

The Qualitative Quantitative Estimation (QQE) uses a smoothed RSI and a volatility-based Trailing Stop (Fast/Slow TL) derived from Wilder's ATR of the RSI itself.

Formula

\begin{cases} RSI = RSI(Close, 14) \\ RSIMa = EMA(RSI, SF) \\ ATR_{Rsi} = |RSIMa_{i+1} - RSIMa_i| \\ Dar = EMA(EMA(ATR_{Rsi}, 27), 27) \times 4.236 \\ TrLevel = \text{Trailing Stop logic based on } Dar \end{cases}

Inputs

• SF (default: 5)
• AlertLevel (default: 50)
• MsgAlerts (default: false)

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