QQE On Chart

QQE On Chart – Visual QQE Crossover Indicator

This indicator implements the Quantitative Qualitative Estimation (QQE) algorithm directly on the price chart.
Unlike traditional QQE implementations that are plotted as a separate oscillator, this version maps QQE Fast and QQE Slow signals as visual lines near the price action, allowing for cleaner and faster signal interpretation.

What it does:

Calculates smoothed RSI (using EMA) and its volatility (ATR of RSI changes).

Constructs upper and lower bands (QQE Slow) based on the smoothed QQE Fast line and dynamic ATR.

Displays BUY/SELL signals when the QQE Fast line crosses the QQE Slow band.

Signals are plotted as labels directly below/above the candles.

Why it's useful:

The proximity to price makes this QQE implementation very intuitive for price-action traders.

The smoothing and crossover logic help identify shifts in momentum and trend continuation.

Unique elements:

Overlay on chart with dynamic offset for better readability.

Built-in alerts for real-time trading reaction.

Optional signal markers can be enabled or disabled.

Best used for:

Momentum trading

Trend confirmation

Identifying reversal or breakout zones

Parameters:

RSI Length: Base RSI calculation period

Smoothing Factor: EMA applied to RSI

Offset from Price: Controls distance of QQE lines from price