Qualitative Quantitative Estimation Indicator

The Qualitative Quantitative Estimation indicator is calculated based on a combination of the smoothed relative strength index (Moving average of RSI) and the average true range (ATR is used as a volatility based trailing stop) indicators. The QQE or Qualitative Quantitative Estimation indicator is particularly useful for volatile assets (stocks, futures, Forex...).

This trading indicator returns two lines: A fast and a slow moving trailing stop lines.
The indicator name is "QQE". Here is a brief description of its different parameters:
- Period: This is the period used to calculate the relative strength index and the different exponential moving averages.
- Smoothing Factor: This is the moving average period used to smooth the RSI indicator
- Type: This parameter allows you to instruct the function to return either the fast or the slow line. Set "1" to return the fast line. Otherwise, the slow line is returned by the function.
Examples:
a = QQE(14, 5, 1);
plot(a, "Fast Line");

a = QQE(14, 5, 0);
plot(a, "Slow Line", colorGreen);


There are several ways to trade the Qualitative Quantitative Estimation indicator:
- Look for crosses of the fast and slow lines when QQE is in an overbought and oversold zone
- Detect when the fast line crosses both the level 50 and the slow line

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