OPEN-SOURCE SCRIPT
QQE On Chart
QQE On Chart – Visual QQE Crossover Indicator
This indicator implements the Quantitative Qualitative Estimation (QQE) algorithm directly on the price chart.
Unlike traditional QQE implementations that are plotted as a separate oscillator, this version maps QQE Fast and QQE Slow signals as visual lines near the price action, allowing for cleaner and faster signal interpretation.
What it does:
Calculates smoothed RSI (using EMA) and its volatility (ATR of RSI changes).
Constructs upper and lower bands (QQE Slow) based on the smoothed QQE Fast line and dynamic ATR.
Displays BUY/SELL signals when the QQE Fast line crosses the QQE Slow band.
Signals are plotted as labels directly below/above the candles.
Why it's useful:
The proximity to price makes this QQE implementation very intuitive for price-action traders.
The smoothing and crossover logic help identify shifts in momentum and trend continuation.
Unique elements:
Overlay on chart with dynamic offset for better readability.
Built-in alerts for real-time trading reaction.
Optional signal markers can be enabled or disabled.
Best used for:
Momentum trading
Trend confirmation
Identifying reversal or breakout zones
Parameters:
RSI Length: Base RSI calculation period
Smoothing Factor: EMA applied to RSI
Offset from Price: Controls distance of QQE lines from price
This indicator implements the Quantitative Qualitative Estimation (QQE) algorithm directly on the price chart.
Unlike traditional QQE implementations that are plotted as a separate oscillator, this version maps QQE Fast and QQE Slow signals as visual lines near the price action, allowing for cleaner and faster signal interpretation.
What it does:
Calculates smoothed RSI (using EMA) and its volatility (ATR of RSI changes).
Constructs upper and lower bands (QQE Slow) based on the smoothed QQE Fast line and dynamic ATR.
Displays BUY/SELL signals when the QQE Fast line crosses the QQE Slow band.
Signals are plotted as labels directly below/above the candles.
Why it's useful:
The proximity to price makes this QQE implementation very intuitive for price-action traders.
The smoothing and crossover logic help identify shifts in momentum and trend continuation.
Unique elements:
Overlay on chart with dynamic offset for better readability.
Built-in alerts for real-time trading reaction.
Optional signal markers can be enabled or disabled.
Best used for:
Momentum trading
Trend confirmation
Identifying reversal or breakout zones
Parameters:
RSI Length: Base RSI calculation period
Smoothing Factor: EMA applied to RSI
Offset from Price: Controls distance of QQE lines from price
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.