PROTECTED SOURCE SCRIPT
Updated QQE + Stoch RSI Strategy
Strategy based on QQE and Stochastic RSI. Overbought positions are sold and vice versa. A precise strategy, with some personal adjustments.
Release Notes
The strategy is a **mean-reversion + momentum confirmation** approach designed for TradingView.It looks for **buy signals** when the market is **oversold** according to the Stochastic RSI, and at the same time the Smart QQE (Qualitative Quantitative Estimation) indicator confirms a bullish turn or strength.
Conversely, it generates **sell signals** when the market is **overbought** on Stochastic RSI and the Smart QQE simultaneously confirms bearish momentum or weakness.
In short:
- **Buy**: Oversold (Stochastic RSI) + QQE bullish confirmation
- **Sell**: Overbought (Stochastic RSI) + QQE bearish confirmation
The idea is to wait for extreme conditions on the Stochastic RSI and only enter when the QQE agrees that the momentum is shifting in the expected direction, trying to filter out false reversals.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.