QQE Oscillator Signals from Smoothed RSI Crossovers
Summary
The document explains QQE, an oscillator built from smoothed RSI calculations and displayed as fast and slow lines. It describes two signal types: a crossover between the lines and a cross of the RSI line through a reference level. Crosses from below are treated as buy signals, while crosses from above are treated as sell signals. The oscillator can also be used for divergence analysis, though no divergence rules are provided.
The example describes an hourly EUR/USD chart displaying QQE calculated from four-hour data, with bearish arrows illustrating both signal types. Settings include a smoothing factor, alert and arrow controls, and an option to calculate on a higher timeframe. The document does not provide performance results, entry or exit management, risk controls, or evidence that the signals are profitable. It presents indicator behavior and an example rather than a tested trading system.
Key ideas
- QQE derives two lines from smoothed RSI calculations.
- A fast-line cross above the slow line is presented as a buy signal, and a cross below as a sell signal.
- Crosses of the RSI line through the reference level provide a second signal type.
- The indicator supports higher-timeframe calculations and configurable alerts and chart arrows.
- The example illustrates signals but does not establish profitability or define risk management.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.