Strategy · Pine Script v4 · On the chart

QQE Signals [Alorse]

by Alorse· code credited to colinmck

This strategy calculates the Qualitative Quantitative Estimation (QQE) indicator by applying exponential moving averages to a relative strength index and its ATR range.

View on GitHub

GitHub stars330on the repository
Pine versionv4older, still runs
Lines of code57
Settings4inputs
LicenceNone statedfile: MPL-2.0
Last update2 months ago25 Aug 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above, or the copy button on the code below.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
  4. 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.

Source Code

57 lines of Pine Script v4 from strategies/momentum/QQE signals.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.

QQE signals.pine
//@version=4
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © colinmck

strategy("QQE signals [Alorse]", shorttitle="QQE signals [Alorse]", overlay=true, pyramiding=0, currency=currency.USD, default_qty_type=strategy.percent_of_equity, initial_capital=1000, default_qty_value=10, commission_type=strategy.commission.percent, commission_value=0.01) 

RSI_Period = input(14, title='RSI Length')
SF = input(5, title='RSI Smoothing')
QQE = input(4.238, title='Fast QQE Factor')
ThreshHold = input(10, title="Thresh-hold")

src = close
Wilders_Period = RSI_Period * 2 - 1

Rsi = rsi(src, RSI_Period)
RsiMa = ema(Rsi, SF)
AtrRsi = abs(RsiMa[1] - RsiMa)
MaAtrRsi = ema(AtrRsi, Wilders_Period)
dar = ema(MaAtrRsi, Wilders_Period) * QQE

longband = 0.0
shortband = 0.0
trend = 0

DeltaFastAtrRsi = dar
RSIndex = RsiMa
newshortband = RSIndex + DeltaFastAtrRsi
newlongband = RSIndex - DeltaFastAtrRsi
longband := RSIndex[1] > longband[1] and RSIndex > longband[1] ? max(longband[1], newlongband) : newlongband
shortband := RSIndex[1] < shortband[1] and RSIndex < shortband[1] ? min(shortband[1], newshortband) : newshortband
cross_1 = cross(longband[1], RSIndex)
trend := cross(RSIndex, shortband[1]) ? 1 : cross_1 ? -1 : nz(trend[1], 1)
FastAtrRsiTL = trend == 1 ? longband : shortband

// Find all the QQE Crosses

QQExlong = 0
QQExlong := nz(QQExlong[1])
QQExshort = 0
QQExshort := nz(QQExshort[1])
QQExlong := FastAtrRsiTL < RSIndex ? QQExlong + 1 : 0
QQExshort := FastAtrRsiTL > RSIndex ? QQExshort + 1 : 0

//Conditions

qqeLong = QQExlong == 1 ? FastAtrRsiTL[1] - 50 : na
qqeShort = QQExshort == 1 ? FastAtrRsiTL[1] - 50 : na

// Plotting

// plotshape(qqeLong, title="QQE long", text="Long", textcolor=color.white, style=shape.labelup, location=location.belowbar, color=color.green, transp=0, size=size.tiny)
// plotshape(qqeShort, title="QQE short", text="Short", textcolor=color.white, style=shape.labeldown, location=location.abovebar, color=color.red, transp=0, size=size.tiny)

// Alerts
strategy.entry("Long", true, when=qqeLong)
// strategy.entry("Short", false, when=qqeShort)
strategy.close("Long", when=qqeShort)

Overview

QQE Signals [Alorse] identifies shifts between bullish and bearish momentum to generate trading signals on the price chart. The strategy opens a long position when a bullish QQE crossover occurs and exits the position upon a bearish crossover. Key inputs allow customization of RSI length, RSI smoothing, QQE factor, and threshold parameters. A notable limitation is the absence of an explicit stop loss.

Details

Published by

Alorse on GitHub

Code credit

colinmck, as written in the script's header

Type

Strategy, Pine Script v4

Draws

On the price chart

Category

Oscillators & momentum, Trend

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

  • The strategy enters trades without a stop loss

Topics

pinescriptpinescript-indicatorspinescript-strategiestrading-strategiestradingviewtradingview-alerttradingview-strategy

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

SettingTypeDefaultVariable
RSI Lengthint14RSI_Period
RSI Smoothingint5SF
Fast QQE Factorfloat4.238QQE
Thresh-holdint10ThreshHold
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

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