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)