What is Qualitative Quantitative Estimation (QQE)?
The Qualitative Quantitative Estimation (QQE) indicator works like a smoother version of the popular ( ) indicator. QQE expands on by adding two based trailing stop lines. These trailing stop lines are composed of a fast and a slow moving (ATR).
What is Wilders' RSI?
The ( ) is a well versed momentum based oscillator which is used to measure the speed (velocity) as well as the change (magnitude) of directional price movements. Essentially , when graphed, provides a visual mean to monitor both the current, as well as historical, strength and weakness of a particular market. The strength or weakness is based on closing prices over the duration of a specified trading period creating a reliable metric of price and momentum changes. Given the popularity of cash settled instruments (stock indexes) and leveraged financial products (the entire field of derivatives); has proven to be a viable indicator of price movements.
What is RSX?
is a very popular technical indicator, because it takes into consideration market speed, direction and trend uniformity. However, the its widely criticized drawback is its noisy (jittery) appearance. The Jurk RSX retains all the useful features of , but with one important exception: the noise is gone with no added lag.
There are many indicators for many purposes. Some of them are complex and some are comparatively easy to handle. The QQE indicator is a really useful analytical tool and one of the most accurate indicators. It offers numerous strategies for using the buy and sell signals. Essentially, it can help detect trend reversal and enter the trade at the most optimal positions.
-Toggle on/off bar coloring
VIP Membership Info: https://www.patreon.com/algxtrading/membership