The Qualitative Quantitative Estimation (QQE) indicator works like a smoother version of the popular Relative Strength Index (RSI) indicator. QQE expands on RSI by adding two volatility based trailing stop lines. These trailing stop lines are composed of a fast and a slow moving Average True Range (ATR). These ATR lines are smoothed making this indicator less susceptible to short term volatility.
The Qualitative Quantitative Estimation (QQE) indicator works like a smoother version of the popular Relative Strength Index (RSI) indicator. QQE expands on RSI by adding two volatility based trailing stop lines. These trailing stop lines are composed of a fast and a slow moving Average True Range (ATR). These ATR lines are smoothed making this indicator less susceptible to short term volatility.
Implementation reference: https://github.com/twopirllc/pandas-ta/blob/main/pandas_ta/momentum/qqe.py
Example:
df['qqe']retrieves the QQE with RSI window 14, MA window 5.df['qqel']retrieves the QQE longdf['qqes']retrieves the QQE shortdf['qqe_10,4']retrieves the QQE with RSI window 10, MA window 4df['qqel_10,4']retrieves the QQE long with customized windows. Initialized by retrievingdf['qqe_10,4']df['qqes_10,4']retrieves the QQE short with customized windows Initialized by retrievingdf['qqe_10,4']The period of short, long EMA and signal line can be tuned with
set_dft_window('qqe', (rsi, rsi_ma)). The default windows are 14 and 5.