Quantitative Qualitative Estimation (QQE)

The QQE indicator applies a smoothed Relative Strength Index (RSI) indicator and two volatility-based trailing levels (fast and slow).

Indicator Description

The Quantitative Qualitative Estimation (QQE): The Fast Trailing Level (TL) and Slow TL are constructed by calculating the ATR of the smoothed RSI over n-periods and then further smoothing the ATR using an additional n-periods Wilders smoothing function. This smoothed ATR of RSI is then multiplied by the Fast and Slow ATR Multipliers to calculate the final Fast and Slow Trailing Levels.

The indicator is available for NinjaTrader 8.