QQE Signals from Smoothed RSI Crossovers and Level Breaks

Summary

The QQE oscillator is built from smoothed RSI calculations and displays a faster and slower line, alongside a reference level of 50. The described signals are bullish when the fast line crosses above the slow line or crosses upward through the reference level; downward crosses are treated as bearish. The indicator can also be used to inspect divergences, though the document does not specify a divergence rule.

The implementation supports displaying calculations from a higher timeframe and offers chart arrows and optional alerts. An example uses EUR/USD on an hourly chart with indicator values calculated from four-hour data, showing bearish signals from both a line crossover and a downward level crossing. This is an illustrative chart example, not a performance study. The material gives no entry confirmation, exit, position sizing, stop, or risk rules, and it does not assess whether the signals are profitable across markets or settings.

Key ideas

• QQE derives two oscillator lines from smoothed RSI calculations.
• A fast-line cross above the slow line is treated as a buy signal, while a cross below is treated as a sell signal.
• Crosses of the reference level provide a second signal type.
• The indicator can display higher-timeframe calculations on a lower-timeframe chart.
• The example illustrates signal markings but does not provide evidence of trading performance.

Tags

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