QQE MOD

20 בינו׳ 2020

Since there has been some demand for the QQE (Qualitative Quantitative Estimation ) figured I should upload my modified version of it as well.
The Orginal script is from Glaz, this is not my original idea - all I did was pretty much smash two QQEs together.
So there are Two QQEs in one script, right? One that is shown on the chart as columns, and the other "hidden" in the background which also has a 50 MA bollinger band acting as a zero line.
When both of them agree - you get a blue or a red bar.

11 בדצמ׳

הערות שחרור

What Changed

• Updated from Pine Script version 4 to version 6 for better performance and compatibility.
  
• Cleaned up the code with modular functions, better structure and consistent naming conventions.
  
• Grouped inputs into logical sections with tooltips for improved usability and clarity.
  
• Enhanced signal logic for reliability.
  
• Simplified visual elements with organized plots and color-coded signals.
  

Additional Details:
Purpose of QQE: The QQE indicator combines RSI-based momentum analysis with smoothed ATR (Average True Range) to highlight trends and reversals more clearly.

This Version:
The first QQE visually represents momentum shifts as columns, helping you quickly spot changes in trend strength.
The second QQE, combined with a Bollinger Band zero line, adds a layer of confirmation for stronger signals.