QQE MOD Indicator Indicator

Description

The Volensy QQE MOD Indicator is a momentum-based signal and trend detection tool that uses a refined Quantitative Qualitative Estimation (QQE) logic with enhanced smoothing and signal clarity. It comes equipped with a live info panel, entry labels, bar coloring, and alerts for precise, real-time decision-making.

Indicators & Logic Used

• RSI-Based QQE Core: Built from a smoothed RSI (Relative Strength Index) and double EMA structure
• Smoothing Factor (EMA): Configurable for adjusting signal sensitivity
• TP/SL Framework: Integrates with take-profit and stop-loss planning (% based)
• Momentum Threshold Filter: Prevents weak or neutral entries

Signal Logic

Long Entry:

• QQE Line crosses above Signal Line
• QQE value is below 10 (strong upward momentum shift)

Short Entry:

• QQE Line crosses below Signal Line
• QQE value is above 10 (strong downward momentum shift)

Each signal is visually marked on the chart with:

• A green “LONG” label below the candle
• A red “SHORT” label above the candle
• Faded candle coloring (green/red) for signal confirmation

Info Panel Features

• Real-time QQE & Signal values
• Last signal direction (LONG / SHORT)
• Bar index of the last signal
• Configured Take Profit (TP%) and Stop Loss (SL%) parameters
• Background dynamically color-coded based on current signal bias

Settings & Parameters

• RSI Period (default: 34)
• Smoothing Factor (default: 5.0)
• Take Profit % (default: 0.5%)
• Stop Loss % (default: 2%)

Recommended Usage

• Timeframe: 15min to 1H for optimal signal filtering
• Markets: Works on crypto, stocks, and forex pairs
• Best used in trending or early trend reversal conditions

Key Benefits

• Momentum-based signals with noise reduction
• Visually enhanced signal markers and info display
• Compatible with alert automation via TradingView
• Fully coded in Pine Script v5 for modern script performance
• Easy to integrate with existing strategies or manual trading setups