Qualitative Quantitative Estimation Indicator

The Qualitative Quantitative Estimation (QQE) indicator works like a smoother version of the popular Relative Strength Index (RSI) indicator. QQE expands on RSI by adding two volatility based trailing stop lines. These trailing stop lines are composed of a fast and a slow moving Average True Range (ATR).

View of the indicator on the chart:

To add and customize this indicator, you need to open the Indicator Settings Window.

Alerts

Use alerts - enable/disable alert.

Alert file - choose sound file.

Drawing

Panel - the choice of the indicator location on the chart:

  • New panel
  • Chart

LevelSlow

Show zero values - display zero values.

Scale - if this option is enabled, the scale will be automatically calculated based on the minimum and maximum value of the indicator, so that the indicator would fit on the chart.

Color

Visual type - visual setting of the indicator display on the graph:

  • Line
  • Histogram
  • Hash
  • Block
  • Cross
  • Square
  • Dots
  • Up arrow
  • Down arrow
  • Axis label
  • Hide

Line style - setting up the type of line display:

  • Dot
  • Solid
  • Dash
  • Dash - dot
  • Dash - dot - dot

Width - setting the thickness of the indicator line.

For items RsiMa settings are similar.

Common

Relative strength index - set realtive strength value.

Slow factor -  set slow factor value.

Misc

Show description of indicator


Lines

TargetLevel

Scale - if this option is enabled, the scale will be automatically calculated based on the minimum and maximum value of the indicator, so that the indicator would fit on the chart.

Color - choose color.

Line style - setting up the type of line display:

  • Dot
  • Solid
  • Dash
  • Dash - dot
  • Dash - dot - dot

Width - set the thickness of the indicator line.

Value - enter value on which level line is situated.

Text - enter inscription to be displayed on line.