OPEN-SOURCE SCRIPT
Precision Sword QQE
Precision Sword is an advanced oscillator that combines quantitative momentum analysis with market equilibrium. It is designed to provide clean trend signals while filtering out market noise.
Key Components:
QQE Logic: Utilizes a smoothed RSI combined with volatility bands (ATR) to identify true momentum.
Kijun-sen Filter: Trends are only confirmed when the price is on the correct side of the Kijun-sen line, providing a robust safety filter against fakeouts.
Momentum Histogram: The histogram changes color (Cyan/Red) only when momentum and trend are in full alignment.
Minimalist Design: Optimized for clarity, focusing on the crossover between the Main Line (QQE) and the Signal Line.
How to trade:
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.