The Metastock version of Quantative Qualitative Estimation with two trailing stop lines and more options
Yellow line can be hidden if its too many signals and expirement with the Slow/Fast Trailing stop lines.
Yellow line can be hidden if its too many signals and expirement with the Slow/Fast Trailing stop lines.
//By Glaz Metastock Version of QQE study("QQE") src=close Fast=input(2.6180) Slow=input(4.2360) RSI=input(14) SF=input(2,title='Slow Factor') WiMA(src, length) => MA_s=(src + nz(MA_s[1] * (length-1)))/length MA_s RSIndex= ema(rsi(close,RSI), SF) //{Smoothed ATR of Smoothed RSI} TH= iff(RSIndex[1] > RSIndex, RSIndex[1], RSIndex) TL= iff(RSIndex[1] < RSIndex, RSIndex[1], RSIndex) TR= TH-TL AtrRsi= WiMA(TR, 14) SmoothedAtrRsi= WiMA(AtrRsi, 14) //{Fast and Slow ATR Trailing Levels} DeltaFastAtrRsi= SmoothedAtrRsi*Fast newshortband= RSIndex + DeltaFastAtrRsi newlongband= RSIndex - DeltaFastAtrRsi longband=RSIndex[1] > longband[1] and RSIndex > longband[1]? max(longband[1],newlongband):newlongband shortband=RSIndex[1] < shortband[1] and RSIndex < shortband[1]? min(shortband[1], newshortband):newshortband trend=cross(RSIndex, shortband[1])?1:cross(longband[1], RSIndex)?-1:nz(trend[1],1) FastAtrRsiTL = trend==1? longband: shortband DeltaSlowAtrRsi= SmoothedAtrRsi*Slow newshortband1= RSIndex + DeltaSlowAtrRsi newlongband1= RSIndex - DeltaSlowAtrRsi longband1=RSIndex[1] > longband1[1] and RSIndex > longband1[1]? max(longband1[1],newlongband1):newlongband1 shortband1=RSIndex[1] < shortband1[1] and RSIndex < shortband1[1]? min(shortband1[1], newshortband1):newshortband1 trend1=cross(RSIndex, shortband1[1])?1:cross(longband1[1], RSIndex)?-1:nz(trend1[1],1) SlowAtrRsiTL= trend1==1? longband1: shortband1 plot(RSIndex,title="RSIndex",color=yellow) plot(FastAtrRsiTL,title="FastAtrRSI",color=green) plot(SlowAtrRsiTL,title="SlowAtrRSI",color=red)