Indicators: QQE New
Visually I can see when the price reversed, but in general, what are the levels that indicate overbought/oversold?
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QQE New:
The QQE (Quantitative Qualitative Estimator) indicator consists of a smoothed Relative Strength Index (RSI) indicator and two volatility-based trailing levels (fast and slow).
Compared to the original QQE indicator, this version instead of using trailing levels uses fixed levels to estimate overbought and oversold conditions. That makes it a bit easier to use.
Author: Mladen Rakic