Qualitative Quantitative Estimation (QQE)

Here you can post and download custom indicators. PLEASE: Do not start topics unless you are posting your own indicator, they will be moved to appropriate section even if you do.

Moderator: admin

Qualitative Quantitative Estimation (QQE)

Postby Apprentice » Wed Jun 16, 2010 8:30 am

QQE.png
QQE

Qualitative Quantitative Estimation (QQE) is a smoothed RSI.

Trailing stop is a smoothed ATR multiplied by a factor of 2.618 or, and 4.236,
ATR indicator is based on the EMA of RSI.

QQE trading signals.

Crossovers
RSI /Trailing stop Crossover

Overbought/Oversold
Level are 30 and 70

Divergence
Bullish Divergence - Long
Lower lows in price and higher lows in the QQE.

Bearish Divergence - Short
Higher highs in price and lower highs in the QQE.

QQE.lua
QQE
(5.82 KiB) Downloaded 4515 times

Averages QQE.lua
(12.86 KiB) Downloaded 1753 times

Averages QQE Overlay.lua
(13.61 KiB) Downloaded 1477 times

Averages indicator can be found here.
viewtopic.php?f=17&t=2430

MQ4/MT4 version
viewtopic.php?f=38&t=63956&p=108514#p108514

EURUSD D1 (12-17-2021 1031).png

QQE Alert.lua
(23.27 KiB) Downloaded 333 times
User avatar
Apprentice
FXCodeBase: Confirmed User
 
Posts: 36341
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia

Re: Qualitative Quantitative Estimation (QQE)

Postby balaji » Thu May 12, 2011 12:36 pm

Dear Sir,
I applied this indicator to my FXCM 1 hour chart and I can only see the Green and Red line of the indicator and I cant see the blue line of the indicator . I tried to apply it but still its not visible on the indicator window. Please help me out. Your indicator seems very promising.

Warm Regards,
Balaji.
balaji
 
Posts: 2
Joined: Thu May 12, 2011 12:32 pm

Re: Qualitative Quantitative Estimation (QQE)

Postby Apprentice » Thu May 12, 2011 2:06 pm

Blue line is optional, Set Show Slow trailing stop parameter to YES.
User avatar
Apprentice
FXCodeBase: Confirmed User
 
Posts: 36341
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia

Re: Qualitative Quantitative Estimation (QQE)

Postby balaji » Thu May 12, 2011 9:43 pm

Dear sir,
How to use this indicator effectively for exit confirmation? Can you please explain a little bit more?

Warm Regards,
Balaji.
balaji
 
Posts: 2
Joined: Thu May 12, 2011 12:32 pm

Re: Qualitative Quantitative Estimation (QQE)

Postby Apprentice » Fri May 13, 2011 2:12 am

Personally I do not use indicators in my trading.
Specialy, I have no experience with this indicator.
This is the Copy Past research from my blog.

QQE indicator is based on the RSI.
Application of QQE indicators are multiple, independently or in combination with the RSI indicator,
to generate a Buy and Sell signals that determine the prevailing trend.

1) QQE / Fast or Slow TL Crossover
Buy - QQE> Fast or Slow TL Crossover
Sell ​​- QQE <Fast or Slow TL Crossunder.

2) 50-level Crossover
Buy> 50 Line Crossover
Sell ​​<50 Line Crossunder

3) FastTL / Slow TL Crossover
Buy - Fast TL - TL Slow Crossover
Sell ​​- Fast TL -TL Slow Crossunder

Long signals are stronger if they have generated over 50, and vice versa.

QQE divergence between the indicators and the closing price.

Overbought / Oversold
Overbought QQE> 70
Oversold <30
User avatar
Apprentice
FXCodeBase: Confirmed User
 
Posts: 36341
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia

Re: Qualitative Quantitative Estimation (QQE)

Postby Tim123 » Wed May 18, 2011 4:51 pm

Apprentice, I have down loaded the QQE indicator and I like it a lot. I used it on MT4 platform and I am glad to see that it is here. Thanks so much for developing it for us to use.

I would like to request that you create an alert for this indicator. It would be a simple alert that gives an alarm when the QQE and the signal cross at the close of the bar.

Thanks
Tim
Tim123
 
Posts: 4
Joined: Wed May 18, 2011 4:39 pm

Re: Qualitative Quantitative Estimation (QQE)

Postby Apprentice » Thu May 19, 2011 3:41 am

Your request has been added to developmental cue.
User avatar
Apprentice
FXCodeBase: Confirmed User
 
Posts: 36341
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia

Re: Qualitative Quantitative Estimation (QQE)

Postby vstrelnikov » Fri May 20, 2011 11:11 am

The simlpe signal posted here.
vstrelnikov
 
Posts: 59
Joined: Tue Jul 06, 2010 8:31 pm

Re: Qualitative Quantitative Estimation (QQE)

Postby cersoz » Fri Dec 02, 2011 8:16 am

can u add 50 lvl line to this indicator.
cersoz
 
Posts: 67
Joined: Tue Nov 22, 2011 7:56 am


Next

Return to Custom Indicators

Who is online

Users browsing this forum: No registered users and 48 guests