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Views:: 21910
Rating:: (26)
Published:: 2018.05.07 14:56

QQE.mq5 (12.96 KB) view

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The QQE (Quantitative Qualitative Estimator) indicator consists of a smoothed Relative Strength Index (RSI) indicator and two volatility-based trailing levels (fast and slow).

The Fast Trailing Level (TL) and Slow TL are constructed by calculating the average range of the smoothed RSI over n-periods and then further smoothing the average range using an additional n-periods Wilders smoothing function. This smoothed average range of RSI is then multiplied by the Fast and Slow average range Multipliers to calculate the final Fast and Slow Trailing Levels.

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QQE - indicator for MetaTrader 5