Quote:
Originally Posted by scorpion
I can't read VT file, but if you supply mathematical formula, I might be able to code this one.
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Hi scorpion,
creztor did attached the VT codes in his first post. Will you be able to use that to create the QQE for MT4? It seems that the QQE is being used for the Turning Point Indicator Suite .. and it's quite a powerful indicator as well to show the trend. Again .. thanks for your response.
I did a search in the net .. and I managed to find the MT4 QQE as attached but it's kinda faulty, it is different from the VT ... no idea what is wrong with it as I'm not familiar with coding .... and below is extra information that I can find about the QQE indicator in the net .... hope this can help you to code it:
This is how the Quantative Qualitative Estimation indicator is created.
1) Create an exponential moving average of RSI; the periods (length) is user-defned, default value is 2.
2) Create the 14-period ATR indicator based on the EMA of RSI.
3) Create the 2 trailing stop lines
3a) fast trailing stop is the ATR smoothed with a 14-periods wilders() smoothing function that is multiplied by a factor of 2.618
3b) slow trailing stop is the ATR smoothing with a 14-periods wilders() smoothing function that is multiplied by a factor of 4.236