Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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An AsYouWish component of Inigo Montoya's Quest, dynamic strategy. This is not a stand alone indicator. It is instead designed/skewed to provide RSI-based trade recommendations, immediately following a reversal stop-out. It's suitable for any time frame, from 1 minute to 1+day bars.
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Carefully chosen logic for circles now gives much better signals, almost magically so. Currently circles are not given diverse weights; next version will enhance this.
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Circle weighting/shading is partially implmented; 2/3 done.
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Circle weighting/shading is complete. Default weights for markers is adjusted.
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Just an update to default weights, in accord with IMQ lookback. Circles & Squares are slightly lightened. Flags & Diamonds are significantly heavier. Some internal variable renaming [invisible].
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Added accumulation line indicating sum of QQEcho weight, simulating look-back & decay. Added input for 'QQE Trigger', which only determines level for color-change of that accumulation line. Added inputs for Decay Start Bar & Decay Rate. Not added/relevant is an input for lookback bars. Accumulation line simulation here will differ slightly from IMQ strategy which has lookback-input, in that this indicator is continuously accumulating & decaying, whereas the strategy clears the accumulation with a new lookback when newly seeking next trade.