Qualitative Quantitative Estimation (QQE)

Category: momentum, trend

The Qualitative Quantitative Estimation (QQE) indicator combines RSI with a volatility-adjusted trailing stop (smoothed ATR) to identify momentum shifts and trend direction.

Formula

\begin{cases} RSI_{MA} = EMA(RSI(14), SF) \\ ATR_{RSI} = |RSI_{MA}(i+1) - RSI_{MA}(i)| \\ DAR = EMA(EMA(ATR_{RSI}, 27), 27) \times 4.236 \\ TrailingStop = \text{conditional jump based on } RSI_{MA} \text{ and } DAR \end{cases}

Inputs

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

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