QQE - Qualitative Quantitative Estimation

Category: momentum, volatility

The Qualitative Quantitative Estimation (QQE) is an advanced RSI-based indicator that uses a complex smoothing process and a volatility-based trailing stop (Smoothed Line) to identify momentum shifts.

Formula

1. RSI = iRSI(14)\n2. RSI_MA = EMA(RSI, SF)\n3. DAR = EMA(EMA(Abs(RSI_MA[i-1] - RSI_MA[i]), 27), 27) * 4.236\n4. TrLevelSlow = Trailing Stop logic utilizing DAR and price relative to previous stop.

Inputs

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

See signal primitives and every published strategy that uses QQE - Qualitative Quantitative Estimation on WOBR StrategyVerse.