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QQE (Quantitative Qualitative Estimation)

Exported using NT Version 7.0.1000.12

This is the QQE (Quantitative Qualitative Estimation) indicator. The origin of this indicator is unclear, it is a mystery indicator derived from Welles Wilder's RSI.

The main plot of the QQE is a smoothed RSI. The indicator then measures the amount of the absolute change between two consecutive values of the smoothed RSI. The absolute changes are then double-smoothed exponentially. The double smoothed value is then multiplied by two user defined multipliers. The result is then used to calculate a fast and a slow trigger line.

Entry and exit signals: Watch out for crosses of the smoothed RSI and one of the trigger lines.

Trend Filter: When the smoothed RSI is above or below the midline (50), this is an indication for an uptrend or downtrend.

Divergences: The main plot of the indicator is a smoothed RSI and can be used to detect divergences between momentum and price.

The attached version of the QQE is entirely recoded, as the QQE which is currently available for NinjaTrader had a few shortcomings. In particular, this indicator uses fewer DataSeries objects, creates instances of the RSI and EMA in OnStartUp(), has a second trigger line added, allows to select the multipliers for the trigger lines and also allows to set the momentum smoothing period independently from the RSI period. Usually for the momentum smoothing period the value 2*RSI_period - 1 is used.

Category NinjaTrader 7 Indicators

Details: QQE (Quantitative Qualitative Estimation)
Category: NinjaTrader 7 Indicators

March 13th, 2013
Size: 9.32 KB
Downloaded: 1428 times

Keywords: divergence qualitative rsi qqe quantitative

Comments/ratings

Gabriyele March 13th, 2013 03:55 PM

Harry

ROCK'N'ROLLA!!

tcwairoa March 13th, 2013 03:57 PM

excellent

watrader March 13th, 2013 06:54 PM

Thanks.

Zondor March 14th, 2013 12:17 AM

The Standard Of Excellence.

podski March 14th, 2013 03:17 PM

It's fast, smooth and accurate - looks good too!

jiggles March 21st, 2013 12:02 AM

Very generous of you to share this with us.

vegasjolla March 23rd, 2013 08:05 PM

Grrrrrrrrreat indicator.
Finally I found the perfect indicator for
my trading system. Thanks a Million!

Quantum March 29th, 2013 05:31 AM

No Comment

maxreturn March 30th, 2013 01:59 PM

Looks terrific. Another fabulous contribution from the man! Thx Fat Tails.

marker May 19th, 2013 11:54 PM

No Comment

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