nilux

[NLX-L2] QQE++

- NLX Modular Trading Framework -

I've written this QQE Indicator from scratch and the functionality is self-explaining.
The Qualitative Quantitative Estimation (QQE) indicator is computed based on a combination of smoothed RSI and the average true range .

- Getting Started -

1. Add this QQE Indicator to your Chart
2. Add the Backtest module to your Chart
3. Select the QQE Indicator in the Backtest Settings

- Alerts for Automated Trading -

This module is coming soon and you will be able to create alerts for the QQE Signals as part of my framework.
See my signature below for more information.

- Note -
The high win-rate in the backtest is the result of taking partial take-profits in between trade entry and exit.
Don't be fooled, it's impossible to achieve 80% profitable trades but due to take-profit orders 80% of the trades at least secure some profit.
Release Notes: Update v1.2
- Bugfixes
Release Notes: Bugfix
- QQE Stand-Alone (without underlying L1 indicator works again!

News
🔥 Alerts are available now!

Protected script
This script is published closed-source and you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
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.

Want to use this script on a chart?