glaz

QQE

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The Metastock version of Quantative Qualitative Estimation with two trailing stop lines and more options
Yellow line can be hidden if its too many signals and expirement with the Slow/Fast Trailing stop lines.
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//By Glaz Metastock Version of QQE
study("QQE")
src=close
Fast=input(2.6180)
Slow=input(4.2360)
RSI=input(14)
SF=input(2,title='Slow Factor')
WiMA(src, length) => 
    MA_s=(src + nz(MA_s[1] * (length-1)))/length
    MA_s

RSIndex= ema(rsi(close,RSI), SF)

//{Smoothed ATR of Smoothed RSI}
TH= iff(RSIndex[1] > RSIndex, RSIndex[1], RSIndex)
TL= iff(RSIndex[1] < RSIndex, RSIndex[1], RSIndex)
TR= TH-TL

AtrRsi= WiMA(TR, 14)
SmoothedAtrRsi= WiMA(AtrRsi, 14)

//{Fast and Slow ATR Trailing Levels} 

DeltaFastAtrRsi= SmoothedAtrRsi*Fast

newshortband=  RSIndex + DeltaFastAtrRsi
newlongband= RSIndex - DeltaFastAtrRsi
longband=RSIndex[1] > longband[1] and RSIndex > longband[1]?
 max(longband[1],newlongband):newlongband
shortband=RSIndex[1] < shortband[1] and  RSIndex < shortband[1]?
 min(shortband[1], newshortband):newshortband
trend=cross(RSIndex, shortband[1])?1:cross(longband[1], RSIndex)?-1:nz(trend[1],1)
FastAtrRsiTL = trend==1? longband: shortband

DeltaSlowAtrRsi= SmoothedAtrRsi*Slow

newshortband1=  RSIndex + DeltaSlowAtrRsi
newlongband1= RSIndex - DeltaSlowAtrRsi

longband1=RSIndex[1] > longband1[1] and RSIndex > longband1[1]?
 max(longband1[1],newlongband1):newlongband1
shortband1=RSIndex[1] < shortband1[1] and  RSIndex < shortband1[1]?
 min(shortband1[1], newshortband1):newshortband1

trend1=cross(RSIndex, shortband1[1])?1:cross(longband1[1], RSIndex)?-1:nz(trend1[1],1)
SlowAtrRsiTL= trend1==1? longband1: shortband1

plot(RSIndex,title="RSIndex",color=yellow)
plot(FastAtrRsiTL,title="FastAtrRSI",color=green)
plot(SlowAtrRsiTL,title="SlowAtrRSI",color=red)
can you know in advance (at the end of day vs closing price) what price the market needs to be above/below to create a cross of the RSI Index vs the FAST/Slow ATR RSI ?
Reply
glaz taylo88885
Maybe, if i manage to plot ahead some values but the curent method i have it adds too much lag to the indicator, here is an example of the RSI
also another version called QQEA that is realy fast here
https://www.mql5.com/en/code/1495
https://c.mql5.com/18/10/picture__7.png
+1 Reply
Very useful indicator. Thanks for coding it.
Reply
Very useful tool, great for confirmation of overall trend bias or picking out bar divergent to the indicator trend. Thanks.
Reply
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