Indicators: QQE of Parabolic Weighted Velocity
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QQE of Parabolic Weighted Velocity:
QQE (Quantitative Qualitative Estimation) is normally made using RSI (Relative Strength Index) as a "basic" indicator.
This version is using Parabolic Weighted Velocity and it can help in determining trend. Adjust the calculating period to your trading style: longer - to trend traders, shorter - for scalping.
PS: this is a standalone indicator. It does not need any other indicator in order to work correctly.
Author: Mladen Rakic