Basics:
The QQE (Quantitative Qualitative Estimator) indicator consists of a smoothed Relative Strength Index (RSI) indicator and two volatility-based trailing levels (fast and slow).
This version:
Compared to the original QQE indicator, this version is adding:
- Discontinued signal line levels (to help further estimate the trend).
- Color changing histogram (based on those levels).
This way we have more information available to analyze.
Usage:
You can use the color change of the QQE itself or the color change of the histogram as signals