jiehonglim

QQE Trailing Line for Trailing Stop | jh

Using parts of QQE (Qualitative Quantitative Estimation) again, this time I'm applying the trailing line of QQE on price directly.

Outcome, it's behaving like a baseline filter and it can be use as an exit or a trailing stop indicator.

As comparing to Kijun-sen line in yellow, the QQE trailing line follows the price closer, therefore exiting you sooner when the trend direction changes.


There's 2 QQE option, they behave differently during the trend change.

Credits to Glaz and Shizaru for their QQE code.
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.

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Comments

Nice script.. Is it possible to script Alerts to this one ?
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