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racer8

QQE WR

racer8 Updated   
Oscillators Trend Analysis two_lines_cross
382
21
oscillator trendanalysis two_lines_cross
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 author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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