BOSS Bullish/Bearish Quantitative Qualitative Estimation (QQE)

2019年5月28日

THE BEST FOREX, BINARY OPTIONS, AND CRYPTO INDICATORS FOR TRADINGVIEW.COM

This indicator is comprised by a smoothed Relative Strength Index and two trailing levels, based on volatility – Fast Trailing Level (Fast TL – the maroon line on the chart above) and Slow Trailing Level (Slow TL – the blue line on the chart above).

The two are determined by calculating the Average True Range (ATR) of the smoothed RSI during a specified number of periods, after which a further ATR smoothing is applied with the use of an additional n-periods Wilders smoothing function.

Ultimately, the RSI’s smoothed ATR is multiplied by the Fast and Slow ATR Multipliers in order to determine the final Fast and Slow Trailing Levels.

Trading the QQE buy and sell signals:

Buy Signal

Bullish crossover happens when Fast ATR TL crosses above Slow ATR TL. When this occurs a blue circle & blue candle will appear and a alert signal to buy is generated.

Sell Signal

Bearish crossover happens when Slow ATR TL crosses above Fast ATR TL. When this occurs a maroon circle & maroon candle will appear and a alert signal to sell is generated.

Bullish/Bearish Divergence Background

Green background indicates Bullish Divergence

Red background indicates Bearish Divergence

Overbought and Oversold Conditions

An overbought condition occurs, when the QQE is at or above its 0.10 level.

An oversold condition occurs, when the QQE is at or below its -.10 level.

2019年5月28日

版本注释

RSI Buy Signal

Bullish crossover happens when RSI crosses above Fast ATR TL . When this occurs a lime circle will appear and a alert signal to buy is generated.

RSI Sell Signal

Bearish crossover happens when RSI crosses below Fast ATR TL. When this occurs a orange circle will appear and a alert signal to sell is generated.

**RSI is Gray Line On Chart

2019年5月28日

版本注释

Changed Fast ATR Trailing Line Multiplier from 1.618 to 2.618

2019年5月29日

版本注释

updated bar color

2019年6月4日

版本注释

added candle color to correlate with bullish and bearish RSI crossovers

2019年6月7日

版本注释

added RSI cross candle color correlation

2019年9月26日

版本注释

black fish-eye = stay in short position
blue fish-eye = stay in long position
set alerts to once per bar
at mid-line crossover you will receive two alerts this indicates time to close long or short position and open a long or short position.