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racer8
Mar 31, 2020 3:16 AM

QQE WR 

Euro Fx/Swiss FrancFXCM

Description

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.
Comments
stevenwalter0
Anyone reading please note this is a fantastic exit indicator. You may need to tweak the settings a bit, but it get's you out of a trend at a great time.
racer8
@stevenwalter0, Thanks man :D
mikemiller2021
what are the settings guys?
CrawlWalkRunJump
one of the best for price action many thanks
Wei028
大哥,威武,脚本很厉害
racer8
@Wei028, thank you :)
Marzipug
Perfect! Thank you for sharing.
metalrat
A very good short-term indicator (rare). Add to the RDSI indicator for additional confirmation. Good for 3min tf. Thanks!
racer8
RAZNET
Thanks for the indicator.

Original version of WPR contains:
100 * (close - MAX) / (max - min)

Your version contains:
100 * (close - MIN) / (max - min)

Just curious whether you did the mistake intentionally?
:)
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