Price: $29.00
This strategy uses the QQE indicator (Qqe+EmaF) along with an exponential moving average to determine entry and exit signals in the market. The idea behind the strategy is to use the cross between the long and short bands of the QQE indicator to identify possible entry points.
Description
The exponential moving average is used to confirm the signal.
The QQE indicator is calculated using the RSI and its exponential moving average.
The ATR of the absolute difference between the RSI and its exponential moving average is then calculated, and this value is multiplied by an acceleration factor (QQE).
A price channel is then created with long and short bands that expand and contract based on the market volatility.
The QQE indicator is then used to generate entry signals. The first cross of the QQE channel’s long band with the RSI is sought, and the QQE indicator value minus 50 is taken as the long entry point.
Similarly, the first cross of the QQE channel’s short band with the RSI is sought, and the QQE indicator value minus 50 is taken as the short entry point only if the price is below the exponential moving average.
Once the entry signals are identified, the strategy uses TradingView’s predefined entry functions to enter long or short positions. There are no indications regarding risk management or exiting the market.
Finally, the strategy draws the QQE indicator values for long and short entry signals, along with the exponential moving average. There is also a filter average to identify long and short positions.
