QQE: Smoothed RSI with Volatility-Based Trailing Levels

Summary

The Quantitative Qualitative Estimator (QQE) combines a smoothed Relative Strength Index with fast and slow trailing levels. These levels are based on the variability of the smoothed RSI rather than directly on price ranges.

To construct them, the method calculates the average range of the smoothed RSI over a chosen period, applies another period of Wilder smoothing to that range, and multiplies the result by separate fast and slow multipliers. The document explains the indicator's components but does not specify parameter values, signal rules, example applications, or performance evidence. As a result, it offers a concise description of how the QQE levels are formed, while leaving practical interpretation and effectiveness unassessed.

Key ideas

• QQE combines a smoothed RSI with fast and slow volatility-based trailing levels.
• The levels use the average range of the smoothed RSI over a selected period.
• A second Wilder smoothing pass is applied to that average range.
• Separate fast and slow multipliers determine the resulting trailing levels.
• The description does not provide trading rules or evidence of performance.

Tags

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