The Adaptive RSI Moving Average (ARSIMA) is an overlay indicator that dynamically adjusts its smoothing factor based on the Relative Strength Index (RSI). When the RSI moves toward extreme overbought or oversold conditions, the smoothing factor increases to ma
Indicator · Pine Script v4 · On the chart
QQE Signals
A price-chart overlay that applies the quantitative qualitative estimation method to RSI.
GitHub stars1on the repository
Pine versionv4older, still runs
Lines of code56
Settings4inputs
LicenceNone statedfile: MPL-2.0
Last update2 years ago18 Nov 2023
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
56 lines of Pine Script v4 from QQEsignals.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
//@version=4
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
study("QQE signals", overlay=true)
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
alertcondition(qqeLong, title="Long", message="Long")
alertcondition(qqeShort, title="Short", message="Short")
Overview
QQE Signals smooths RSI with an exponential average, builds a fast volatility band from the average change in that line, and tracks a trailing line that flips between the upper and lower band. A Long label appears below the bar when the smoothed RSI crosses above that line and a Short label above the bar when it crosses below. Settings are RSI length, smoothing, the fast factor and a threshold input. Alert conditions are included, but it has no stop loss or take profit.
- QQE trailing line on smoothed RSI
- Long and Short labels on crosses
- Adjustable RSI length, smoothing and factor
- Alert conditions for both directions
Details
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| RSI Length | int | 14 | RSI_Period |
| RSI Smoothing | int | 5 | SF |
| Fast QQE Factor | float | 4.238 | QQE |
| Thresh-hold | int | 10 | ThreshHold |
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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