Trend QQE FREE

Trend QQE Free

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  • Quantitative Qualitative Estimation (QQE) indicator is a smoother version of the popular Relative Strength Index (RSI) indicator with a volatility based trailing line that gives you momentum crossovers and confirmations.

Input Parameters are:

  • RSI Period : Default setting is 14
    SF , smoothing factor : Default setting is 5
    QQE coefficient : Default setting is 4.236 , one of most used percentage ratios based on the Fibonacci sequence
    OversoldLevel : Default setting is 30. If this is set to 30, overbought level is automatically set to 100-30 = 70 on the chart
  • Plots two lines:
  • QQE , Yellow line
    Trail , Cyan line

Coded by Algomaniac

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