QQE (Quantitative Qualitative Estimation) for ThinkorSwim

mbarcala said:
for Bearish scan, you need to add another study in you scan setup and change this 2 line

Code: 
#plot CrossAbove = if rsi_ma crosses above FastAtrRsiTL then 1 else 0;
plot CrossBelow = if rsi_ma crosses below FastAtrRsiTL then 1 else 0;

this way you can scan both way!
Click to expand...
mbarcala; got it thanks;
Is this Correct?
#plot CrossAbove = if rsi_ma crosses above FastAtrRsiTL then 1 else 0;
plot CrossBelow = if rsi_ma crosses below FastAtrRsiTL then 1 else 0;
#plot Above = if rsi_ma > FastAtrRsiTL then 1 else 0;
#plot Below = if rsi_ma < FastAtrRsiTL then 1 else 0;

What are the other two lines at the bottom, currently not active?
 
ssmike123 said:
mbarcala; got it thanks;
Is this Correct?
#plot CrossAbove = if rsi_ma crosses above FastAtrRsiTL then 1 else 0;
plot CrossBelow = if rsi_ma crosses below FastAtrRsiTL then 1 else 0;
#plot Above = if rsi_ma > FastAtrRsiTL then 1 else 0;
#plot Below = if rsi_ma < FastAtrRsiTL then 1 else 0;

What are the other two lines at the bottom, currently not active?
Click to expand...
they are the same of the 2 first lines, delete them!
 
BenTen said:
qLgSxk3.png

AFNqpDp.png


thinkScript Code

Code: 
# QQE Indicator
# Converted by Kory Gill for BenTen at useThinkScript.com
# Original https://www.tradingview.com/script/zwbe2plA-Ghosty-s-Zero-Line-QQE/

declare lower;

input RSI_Period = 20;
input Slow_Factor = 5;
input QQE = 4.236;

def Wilder_Period = RSI_Period * 2 - 1;
def vClose = close;

def rsi = RSI(price = vClose, length = RSI_Period).RSI;
def rsi_ma = MovingAverage(AverageType.EXPONENTIAL, rsi, Slow_Factor);
def atr_rsi = AbsValue(rsi_ma[1] - rsi_ma);
def atr_rsi_ma = MovingAverage(AverageType.EXPONENTIAL, atr_rsi, Wilder_Period);
def dar = MovingAverage(AverageType.EXPONENTIAL, atr_rsi_ma, Wilder_Period) * QQE;

def DeltaFastAtrRsi = dar;
def RSIndex = rsi_ma;
def newshortband =  RSIndex + DeltaFastAtrRsi;
def newlongband = RSIndex - DeltaFastAtrRsi;

def longband = if RSIndex[1] > longband[1] and RSIndex > longband[1]
               then max(longband[1],newlongband)
               else newlongband;

def shortband = if RSIndex[1] < shortband[1] and  RSIndex < shortband[1]
                then min(shortband[1], newshortband)
                else newshortband;

def trend = if Crosses(RSIndex, shortband[1])
            then 1
            else if Crosses(longband[1], RSIndex)
            then -1
            else if !IsNAN(trend[1])
            then trend[1]
            else 1;

def FastAtrRsiTL = if trend == 1
                   then longband
                   else shortband;

plot pFastAtrRsiTL = FastAtrRsiTL;
plot pRsiMa = rsi_ma;
plot line50 = 50;

pFastAtrRsiTL.SetDefaultColor(CreateColor(225,109,47));
pRsiMa.SetDefaultColor(CreateColor(113,225,180));

Learn more about the QQE indicator and how to trade it:
Click to expand...
Script looks dope! What was the name of the indicator again in the second picture that has the blue lines showing the bull flag and support and resistance lines? Thanks!
 
BenTen said:
qLgSxk3.png

AFNqpDp.png


thinkScript Code

Code: 
# QQE Indicator
# Converted by Kory Gill for BenTen at useThinkScript.com
# Original https://www.tradingview.com/script/zwbe2plA-Ghosty-s-Zero-Line-QQE/

declare lower;

input RSI_Period = 20;
input Slow_Factor = 5;
input QQE = 4.236;

def Wilder_Period = RSI_Period * 2 - 1;
def vClose = close;

def rsi = RSI(price = vClose, length = RSI_Period).RSI;
def rsi_ma = MovingAverage(AverageType.EXPONENTIAL, rsi, Slow_Factor);
def atr_rsi = AbsValue(rsi_ma[1] - rsi_ma);
def atr_rsi_ma = MovingAverage(AverageType.EXPONENTIAL, atr_rsi, Wilder_Period);
def dar = MovingAverage(AverageType.EXPONENTIAL, atr_rsi_ma, Wilder_Period) * QQE;

def DeltaFastAtrRsi = dar;
def RSIndex = rsi_ma;
def newshortband =  RSIndex + DeltaFastAtrRsi;
def newlongband = RSIndex - DeltaFastAtrRsi;

def longband = if RSIndex[1] > longband[1] and RSIndex > longband[1]
               then max(longband[1],newlongband)
               else newlongband;

def shortband = if RSIndex[1] < shortband[1] and  RSIndex < shortband[1]
                then min(shortband[1], newshortband)
                else newshortband;

def trend = if Crosses(RSIndex, shortband[1])
            then 1
            else if Crosses(longband[1], RSIndex)
            then -1
            else if !IsNAN(trend[1])
            then trend[1]
            else 1;

def FastAtrRsiTL = if trend == 1
                   then longband
                   else shortband;

plot pFastAtrRsiTL = FastAtrRsiTL;
plot pRsiMa = rsi_ma;
plot line50 = 50;

pFastAtrRsiTL.SetDefaultColor(CreateColor(225,109,47));
pRsiMa.SetDefaultColor(CreateColor(113,225,180));

Learn more about the QQE indicator and how to trade it:
Click to expand...
Hi Ben...great indicator. Just coming across it now. Thanks for posting. Could you help me add some generator signals to the following conditions? I usually use the conditional wizard, but it won't let me since it's not a native study to TOS. I'd like to get notified when each of the following conditions occurs and put it on a lower study for:

  1. When pRSIma crosses above line50
  2. When pRSIma crosses below line50
  3. When pRSIma crosses below 65
  4. When pRSIma crosses above 35
Appreciate any help --ryan
 
Jazzdaytrader said:
Hi Ben...great indicator. Just coming across it now. Thanks for posting. Could you help me add some generator signals to the following conditions? I usually use the conditional wizard, but it won't let me since it's not a native study to TOS. I'd like to get notified when each of the following conditions occurs and put it on a lower study for:

  1. When pRSIma crosses above line50
  2. When pRSIma crosses below line50
  3. When pRSIma crosses below 65
  4. When pRSIma crosses above 35
Appreciate any help --ryan
Click to expand...
Code: 
plot line35 = 35;
line35.SetDefaultColor(Color.gray);
plot line65 = 65;
line65.SetDefaultColor(Color.gray);

plot upArrow1 = pRSIma crosses above line50;
upArrow1.SetPaintingStrategy(PaintingStrategy.Arrow_UP);
upArrow1.SetDefaultColor(Color.green);

plot dnArrow1 = pRSIma crosses below line50;
dnArrow1.SetPaintingStrategy(PaintingStrategy.Arrow_DOWN);
dnArrow1.SetDefaultColor(Color.red);

plot upArrow2 = pRSIma crosses above 35;
upArrow2.SetPaintingStrategy(PaintingStrategy.Arrow_UP);
upArrow2.SetDefaultColor(Color.green);

plot dnArrow2 = pRSIma crosses below 65;
dnArrow2.SetPaintingStrategy(PaintingStrategy.Arrow_DOWN);
dnArrow2.SetDefaultColor(Color.red);
 
mbarcala said:
Code: 
plot line35 = 35;
line35.SetDefaultColor(Color.gray);
plot line65 = 65;
line65.SetDefaultColor(Color.gray);

plot upArrow1 = pRSIma crosses above line50;
upArrow1.SetPaintingStrategy(PaintingStrategy.Arrow_UP);
upArrow1.SetDefaultColor(Color.green);

plot dnArrow1 = pRSIma crosses below line50;
dnArrow1.SetPaintingStrategy(PaintingStrategy.Arrow_DOWN);
dnArrow1.SetDefaultColor(Color.red);

plot upArrow2 = pRSIma crosses above 35;
upArrow2.SetPaintingStrategy(PaintingStrategy.Arrow_UP);
upArrow2.SetDefaultColor(Color.green);

plot dnArrow2 = pRSIma crosses below 65;
dnArrow2.SetPaintingStrategy(PaintingStrategy.Arrow_DOWN);
dnArrow2.SetDefaultColor(Color.red);
Click to expand...
So great! Thank you Mbarcala...this teaches me how to do again in the future, but for now you saved my butt. appreciate it SO much.
 
ssmike123 said:
Do you add this to the original script? Please can you post a picture?
Click to expand...
For sure...I added the script at the bottom of the original study and then created a new study using it, and called it QQESignal as a new study. I kept the original study void of any signals on top (in the lower studies region) and then added this study below (also in the lower studies region of TOS), but turned off the oscillator on the new study so that all it was was the signals. That's how I prefer to see it personally (as opposed to them sharing the same lower region...too cluttered)...I don't know how to add an image here. It's asking me to give the image link from an HTTP address...? I took a screenshot so I'm happy to upload it somehow...just not sure how.
 
Jazzdaytrader said:
For sure...I added the script at the bottom of the original study and then created a new study using it, and called it QQESignal as a new study. I kept the original study void of any signals on top (in the lower studies region) and then added this study below (also in the lower studies region of TOS), but turned off the oscillator on the new study so that all it was was the signals. That's how I prefer to see it personally (as opposed to them sharing the same lower region...too cluttered)...I don't know how to add an image here. It's asking me to give the image link from an HTTP address...? I took a screenshot so I'm happy to upload it somehow...just not sure how.
Click to expand...
Here is more detail on inserting images https://usethinkscript.com/threads/how-to-insert-image-in-a-post-thread.277/#post-1609

Thanks
 
Jazzdaytrader said:
For sure...I added the script at the bottom of the original study and then created a new study using it, and called it QQESignal as a new study. I kept the original study void of any signals on top (in the lower studies region) and then added this study below (also in the lower studies region of TOS), but turned off the oscillator on the new study so that all it was was the signals. That's how I prefer to see it personally (as opposed to them sharing the same lower region...too cluttered)...I don't know how to add an image here. It's asking me to give the image link from an HTTP address...?
Click to expand...
 
LsM5sEX.png

Green spikes = long
Red spikes = short
Green bar = buy a short position that was oversold and trend is over
Red bar = sell a long position that was bought and trend is over
 
Jazzdaytrader said:
LsM5sEX.png

Green spikes = long
Red spikes = short
Green bar = buy a short position that was oversold and trend is over
Red bar = sell a long position that was bought and trend is over
Click to expand...
Can you please post the exact code(s) you have shown in the picture for QQE and QQESignal?
 
I simply added the code provided by mbarcala to the end of the QQE script originally posted and created a new study. From there you need to add the study to your lower charts. From there you need to customize it to look however you want..make sense?
 
and the 35 line and 65 line are my own headrooms...depending on the security you may want to adjust it a little lower. Any higher I find and you risk not getting enough signals that are overbought or oversold....ie, 70 and 30 weren't giving me enough signals depending on the security or future contract
 
This is a great signal & it seems to work with highest %win rate on hourly. Awesome that it shows # of orders in a time frame & the P/L along side.
Is there a scan for index's this would for for? Specifically the NDX, SPX, RUT? Overnight action on QQQ,SPY & IWM seems to obscure the results. Below is the code I use for most accurate results.
# QQE Indicator
# Converted by Kory Gill for BenTen at useThinkScript.com
# Original https://www.tradingview.com/script/zwbe2plA-Ghosty-s-Zero-Line-QQE/

declare lower;

input RSI_Period = 20;
input Slow_Factor = 5;
input QQE = 4.236;

def Wilder_Period = RSI_Period * 2 - 1;
def vClose = close;

def rsi = RSI(price = vClose, length = RSI_Period).RSI;
def rsi_ma = MovingAverage(AverageType.EXPONENTIAL, rsi, Slow_Factor);
def atr_rsi = AbsValue(rsi_ma[1] - rsi_ma);
def atr_rsi_ma = MovingAverage(AverageType.EXPONENTIAL, atr_rsi, Wilder_Period);
def dar = MovingAverage(AverageType.EXPONENTIAL, atr_rsi_ma, Wilder_Period) * QQE;

def DeltaFastAtrRsi = dar;
def RSIndex = rsi_ma;
def newshortband = RSIndex + DeltaFastAtrRsi;
def newlongband = RSIndex - DeltaFastAtrRsi;

def longband = if RSIndex[1] > longband[1] and RSIndex > longband[1]
then max(longband[1],newlongband)
else newlongband;

def shortband = if RSIndex[1] < shortband[1] and RSIndex < shortband[1]
then min(shortband[1], newshortband)
else newshortband;

def trend = if Crosses(RSIndex, shortband[1])
then 1
else if Crosses(longband[1], RSIndex)
then -1
else if !IsNAN(trend[1])
then trend[1]
else 1;

def FastAtrRsiTL = if trend == 1
then longband
else shortband;

plot pFastAtrRsiTL = FastAtrRsiTL;
plot pRsiMa = rsi_ma;
plot line50 = 50;

pFastAtrRsiTL.SetDefaultColor(CreateColor(225,109,47));
pRsiMa.SetDefaultColor(CreateColor(113,225,180));
def bull=pRsiMa>line50 and pFastAtrRsiTL>line50;
def bear=pRsiMa<line50 and pFastAtrRsiTL<line50;
addcloud(if bull or bear then prsiMA else double.nan, pFastAtrRsiTL,
color.green,color.red);
#chop cloud
addcloud(if !bull and !bear then pRsiMa else double.nan,pFastAtrRsiTL,
color.gray, color.gray);
 
Jazzdaytrader said:
I simply added the code provided by mbarcala to the end of the QQE script originally posted and created a new study. From there you need to add the study to your lower charts. From there you need to customize it to look however you want..make sense?
Click to expand...
What post number by mbarcala?
 
BigScalp said:
I can't seem to get the same QQESignal as in post #57
Click to expand...
there you go
Code: 
# QQE Indicator
# Converted by Kory Gill for BenTen at useThinkScript.com
# Original https://www.tradingview.com/script/zwbe2plA-Ghosty-s-Zero-Line-QQE/

declare lower;

input RSI_Period = 20;
input Slow_Factor = 5;

def QQE = 4.236;
def Wilder_Period = RSI_Period * 2 - 1;
def vClose = close;

def rsi = RSI(price = vClose, length = RSI_Period).RSI;
def rsi_ma = MovingAverage(AverageType.EXPONENTIAL, rsi, Slow_Factor);
def atr_rsi = AbsValue(rsi_ma[1] - rsi_ma);
def atr_rsi_ma = MovingAverage(AverageType.EXPONENTIAL, atr_rsi, Wilder_Period);
def dar = MovingAverage(AverageType.EXPONENTIAL, atr_rsi_ma, Wilder_Period) * QQE;

def DeltaFastAtrRsi = dar;
def RSIndex = rsi_ma;
def newshortband =  RSIndex + DeltaFastAtrRsi;
def newlongband = RSIndex - DeltaFastAtrRsi;

def longband = if RSIndex[1] > longband[1] and RSIndex > longband[1] then max(longband[1],newlongband) else newlongband;
def shortband = if RSIndex[1] < shortband[1] and  RSIndex < shortband[1] then min(shortband[1], newshortband) else newshortband;
def trend = if Crosses(RSIndex, shortband[1]) then 1 else if Crosses(longband[1], RSIndex) then -1 else if !IsNAN(trend[1]) then trend[1] else 1;

def FastAtrRsiTL = if trend == 1 then longband else shortband;
def pFastAtrRsiTL = FastAtrRsiTL;
def pRsiMa = rsi_ma;
def line50 = 50;
def line25 = 25;
def line35 = 35;
def line65 = 65;

plot upArrow1 = if pRsiMa crosses above line50 then line50 else 0;
upArrow1.SetPaintingStrategy(PaintingStrategy.LINE);
upArrow1.SetDefaultColor(Color.green);

plot dnArrow1 = if pRsiMa crosses below line50 then line50 else 0;
dnArrow1.SetPaintingStrategy(PaintingStrategy.LINE);
dnArrow1.SetDefaultColor(Color.red);

plot upArrow2 = if pRsiMa crosses above line35 then line25 else 0;
upArrow2.SetPaintingStrategy(PaintingStrategy.LINE);
upArrow2.SetDefaultColor(Color.green);

plot dnArrow2 = if pRsiMa crosses below line65 then line25 else 0;
dnArrow2.SetPaintingStrategy(PaintingStrategy.LINE);
dnArrow2.SetDefaultColor(Color.red);
 
mbarcala said:
there you go
Code: 
# QQE Indicator
# Converted by Kory Gill for BenTen at useThinkScript.com
# Original https://www.tradingview.com/script/zwbe2plA-Ghosty-s-Zero-Line-QQE/

declare lower;

input RSI_Period = 20;
input Slow_Factor = 5;

def QQE = 4.236;
def Wilder_Period = RSI_Period * 2 - 1;
def vClose = close;

def rsi = RSI(price = vClose, length = RSI_Period).RSI;
def rsi_ma = MovingAverage(AverageType.EXPONENTIAL, rsi, Slow_Factor);
def atr_rsi = AbsValue(rsi_ma[1] - rsi_ma);
def atr_rsi_ma = MovingAverage(AverageType.EXPONENTIAL, atr_rsi, Wilder_Period);
def dar = MovingAverage(AverageType.EXPONENTIAL, atr_rsi_ma, Wilder_Period) * QQE;

def DeltaFastAtrRsi = dar;
def RSIndex = rsi_ma;
def newshortband =  RSIndex + DeltaFastAtrRsi;
def newlongband = RSIndex - DeltaFastAtrRsi;

def longband = if RSIndex[1] > longband[1] and RSIndex > longband[1] then max(longband[1],newlongband) else newlongband;
def shortband = if RSIndex[1] < shortband[1] and  RSIndex < shortband[1] then min(shortband[1], newshortband) else newshortband;
def trend = if Crosses(RSIndex, shortband[1]) then 1 else if Crosses(longband[1], RSIndex) then -1 else if !IsNAN(trend[1]) then trend[1] else 1;

def FastAtrRsiTL = if trend == 1 then longband else shortband;
def pFastAtrRsiTL = FastAtrRsiTL;
def pRsiMa = rsi_ma;
def line50 = 50;
def line25 = 25;
def line35 = 35;
def line65 = 65;

plot upArrow1 = if pRsiMa crosses above line50 then line50 else 0;
upArrow1.SetPaintingStrategy(PaintingStrategy.LINE);
upArrow1.SetDefaultColor(Color.green);

plot dnArrow1 = if pRsiMa crosses below line50 then line50 else 0;
dnArrow1.SetPaintingStrategy(PaintingStrategy.LINE);
dnArrow1.SetDefaultColor(Color.red);

plot upArrow2 = if pRsiMa crosses above line35 then line25 else 0;
upArrow2.SetPaintingStrategy(PaintingStrategy.LINE);
upArrow2.SetDefaultColor(Color.green);

plot dnArrow2 = if pRsiMa crosses below line65 then line25 else 0;
dnArrow2.SetPaintingStrategy(PaintingStrategy.LINE);
dnArrow2.SetDefaultColor(Color.red);
Click to expand...
If I want to change the settings to Faster Periods, the 3 lines on top
input RSI_Period = 20;
input Slow_Factor = 5;

def QQE = 4.236;

All I have to do is change these to
input RSI_Period = 6;
input Slow_Factor = 3;

def QQE = 2.621;

Or, there are other settings within the script that needs to be changed?
 
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