OPEN-SOURCE SCRIPT
Updated QQE WR
This is an improved version of the existing QQE. Its performs better because it relies on Williams %R instead of the RSI. The simplicity of the Williams %R gives the QQE better performance resulting in less false signals. It works across all instruments, especially volatile ones.
Release Notes
Nothing new yet.Release Notes
Added a horizontal line. Default level is set to -50.Release Notes
- Removed zero line- SF parameter renamed to "Slow Factor"
Release Notes
Changes made include...-Increased color opacity of W%R and QQE lines
-Tweaked formula so now QQE WR's values are positive.
Release Notes
Changes to variable names.Release Notes
...Updated script to version 4.
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.