Composite Trading Signals from RSI, QQE, Keltner Channels, and WaveTrend

Summary

The visible portion of this Pine strategy combines several technical tools into directional signals. It calculates a custom smoothed RSI, a QQE-style RSI with a trailing stop, Keltner Channel zones, and WaveTrend crossovers. The code assigns directional scores to some components: the custom RSI contributes on crosses of the QQE stop, the QQE contributes according to its position relative to that stop, and Keltner zones contribute based on whether price is outside the channel. WaveTrend cross conditions are also calculated.

Inputs include indicator settings, long and short composite-score thresholds, and a shared lookback length. However, the document cuts off while defining the WaveTrend score, before showing how component scores are combined into a final score or how entries and exits are placed. It therefore offers an outline of a multi-indicator scoring design, but not enough of the strategy to reproduce its complete decision rules or assess performance. No backtest results or market-specific evidence are visible.

Key ideas

• The script combines custom RSI, QQE, Keltner Channel, and WaveTrend calculations.
• A custom RSI crossing the QQE trailing stop produces bullish or bearish events.
• QQE position relative to its trailing stop and price location relative to Keltner bands contribute directional scores.
• The excerpt ends before the complete composite score and trading rules are shown.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.