SPECIAL OFFER
Upon purchasing this indicator, you will receive 2 FREE indicator templates for your quick use. Please see the instructions in the following page to install indicator templates: https://ninza.co/template-indicator
This purchase does NOT include Easy Trend, which was used in our demo screenshots below to help identify major trends. If you want to buy both QQE Pro & Easy Trend, please contact us for a special discount.
QQE (Quantitative Qualitative Estimation) is one of the most powerful underground indicators in the trading world (there has been no information of its author). A detailed overview of this indicator is available at QQE Indicator: Not Quite Grail, But Accurately Defines Trend And Flat.
ninZa.co tremendously remade this indicator by adding so many enhancements that our QQE Pro indicator can be considered the "next" version of QQE.
In ninZa.co's version, traders can define an upper threshold & a lower threshold, which form a middle band. The middle band is used to filter out signals: all signals occurring inside the middle band are ignored (a signal means a crossover between the QQE line and the signal line).
Our QQE Pro indicator offers 2 modes for you to select:
- Trend fading: This mode works perfectly in rangebound markets (QQE now works like an overbought/oversold indicator). In this mode, you will need to broaden the middle band to filter out poor-quality signals, leaving only great ones.
- Trend following: This mode is ninZa.co's genuine discovery, a totally new way to read & use QQE. Our indicator just generates QQE signals when the market trends strongly, often at critical breakouts. In this mode, you will need to narrow the middle band.
IMPORTANT: In the "trend following" mode, we recommend you use our Easy Trend indicator or any moving average to help identify the major trend direction. You only trade long in an uptrend and only trade short in a downtrend.
Key features:
- Allow selecting trend mode: trend following or trend fading
- Plot QQE line
- Allow configuring RSI period to adjust QQE line
- Allow smoothing QQE line with
- Plot signal line
- Allow smoothing the offset to adjust signal line
- Allow configuring the offset factor to adjust signal line
- Allow defining 2 thresholds (upper & lower) to form the middle band, which is used for signal filtering
- Colorize QQE line in 4 colors based on its value
- Shade middle band
- Print markers on signal appearance
- Trigger alerts on signal appearance
- Be NinjaScript ready for advanced usage, only restricted by your imagination
- Expose dedicated NinjaScript signals
Dedicated NinjaScript signals:
- Signal_State: 1 = long entry, -1 = short entry, 0 = no signal
- 27 Aug 2020 - Massive changes, fixes and improvements were made (DPI, display name, Z order, alert properties, marker string, chart info, property naming/positioning/grouping); alert popup was visually enhanced; stability was improved.
- 09 Mar 2020 - An issue related to exposed parameters was fixed.
- 15 Sep 2019 - The indicator was released (build new).
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