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Quantitative Qualitative Estimation

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Summary: The Quantitative Qualitative Estimation (QQE) is is derived from Wilder's famous Relative Strength Index (RSI). In essence, the QQE is a heavily smoothed RSI.
QQE on the Charts
The QQE indicator features the standard RSI, the heavily smoothed fast value, and the slow trailing line which is smoothed again and multiplied by the Fibonacci number of 4.236.
Key concepts:
  • A reading above 50 on the indicator indicates a bullish market, while a drop below 50 is a bearish market.
  • Oversold and overbought areas operate similarly to the RSI; 70 is overbought and 30 is oversold.
  • Divergences can be used to try and predict potential trend reversals.
The parameters of the QQE indicator can be changed by locating and opening the Javascript Code under Data Building Procedure -> Procedure Loop under "QQE" Product Definition.
QQE Products & Properties
Product Setting Product Variable Properties
QQE qqe fast, slow, rsi
Example:
A simple strategy can be built by entering a trade when the qqe fast value crosses above the slow value while under the 50 line: 
 chart.at01hs.qqe.fast > chart.at01hs.qqe.slow && chart.at01hs.qqe.previous.fast < chart.at01hs.qqe.previous.slow && chart.at01hs.qqe.fast < 50
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quantum Data Mine — TOC

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1. quantum By @quantum8

2. Keltner Channel - quantum Indicator

3. Moving Volume Average Price (MVWAP) - quantum Indicator

4. Parabolic Stop and Return (PSAR) - quantum Indicator

5. Beep Boop - quantum Indicator

6. Choppiness Index - quantum Indicator

7. Choppy - quantum Indicator

8. Williams Fractal - quantum Indicator

9. Heikin Ashi Relative Strength Indicator - HARSI

10. Elder's Force Index Indicator

11. William's Percent Range Indicator

12. Random Walk Index Indicator

13. TRIX Indicator

14. Worden Stochastic Indicator

15. Accumulation Distribution Line Indicator

16. VADER Indicator

17. Coppock Curve Indicator

18. Quantitative Qualitative Estimation

19. Vortex Indicator

20. KDJ Indicator

21. HARSI-BB

22. Braid Filter

23. QQE Mod

24. Jurik Volatility

25. MOBO

26. Momentum Bars

27. Inside Bars