QQE (Quantative Qualitative Estimation) MT4 Version by Roman Ignatov
Another indicator from MT4 to pinescript, from a google search i found the that the original author is unknown and its best used for volatile pairs /JPY
yellow line is a smoothed rsi,
red line "slow trailing stop" is the ATR smoothing with a 14-periods wilders smoothing function that is multiplied by a factor of 4.236
Also big thanks to BlindFreddy, i used part of his supertrend indicator to make it work
Another indicator from MT4 to pinescript, from a google search i found the that the original author is unknown and its best used for volatile pairs /JPY
yellow line is a smoothed rsi,
red line "slow trailing stop" is the ATR smoothing with a 14-periods wilders smoothing function that is multiplied by a factor of 4.236
Also big thanks to BlindFreddy, i used part of his supertrend indicator to make it work
//By Glaz study("QQE MT4") RSI_Period = input(14,title='RSI') SF = input(5,title='Slow Factor') QQE=input(4.236) Wilders_Period = RSI_Period * 2 - 1 Rsi = rsi(close,RSI_Period) RsiMa = ema(Rsi, SF) AtrRsi = abs(RsiMa[1] - RsiMa) MaAtrRsi = ema(AtrRsi, Wilders_Period) dar = ema(MaAtrRsi,Wilders_Period) * QQE DeltaFastAtrRsi= dar RSIndex=RsiMa 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 plot(FastAtrRsiTL,color=red) plot(RsiMa,color=yellow)