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| The QQE (Quantitative Qualitative Estimation) indicator is an enhanced version of the Relative Strength Index (RSI) that incorporates the Average True Range (ATR) to assess market momentum and volatility. It smooths the RSI values and applies double ATR filtering, making it more responsive to trend changes while reducing market noise. It makes QQE more reliable in detecting strong trends than traditional RSI. The indicator generates buy signals when the smoothed RSI line crosses above the QQE line, indicating rising bullish momentum. Conversely, sell signals occur when the smoothed RSI line crosses below the QQE line, signaling a bearish shift. The QQE can highlight overbought and oversold conditions, helping traders identify potential reversals. Additionally, traders look for divergence between price movements and the QQE, which may indicate weakening trends and possible reversals. The QQE is particularly useful in volatile markets due to its built-in ATR-based smoothing. |
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Quantitative Qualitative Estimation
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| QQE(14,5,4.236) Bullish Divergence |
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| QQE(14,5,4.236) Smoothed RSI Crossed Above QQE |
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| QQE(14,5,4.236) Crossed Above 50 |
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| QQE(14,5,4.236) Smoothed RSI Is Above QQE |
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| QQE(14,5,4.236) Is Above 50 |
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| QQE(14,5,4.236) Bearish Divergence |
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| QQE(14,5,4.236) Smoothed RSI Crossed Below QQE |
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| QQE(14,5,4.236) Crossed Below 50 |
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| QQE(14,5,4.236) Smoothed RSI Is Below QQE |
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| QQE(14,5,4.236) Is Below 50 |
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