OmniTrader Professional Forum : OmniLanguage Discussion : Deleting Thread Qualitative Quantitative Estimation.QQE indicator

Manfred

Veteran

Posts: 210

Joined: 4/2/2006
Location: South Africa

Subject : RE: Qualitative Quantitative Estimation.QQE indica
Posted : 1/11/2019 4:04 PM
Post #30242 - In reply to #30237

I wasn't quite happy with the signals on stocks so experimented with replacing RSI with a "non-lagging" Jurik RSX similar to https://www.mql5.com/en/code/21580. I think I uploaded the RSX indicator to the forum in December but in case I didn't will add to the attachments as well.

JSX is an RSI smoothed with the "Jurik" approach - it is not 100% Jurik since that is proprietary but its probably pretty close according to the MT5 code, it has very low lag and is very smooth, hence in theory provides clearer signals.

You will need to have both indicators available in your VBA Indicators folder since the QQE2RSX code calls/uses the JurikRSX indicator function.

I also had a look at changing the earlier QQE2 indicator to plot as a histogram. I'm not convinced its any clearer this way but include it in case someone prefers this view.

[Edited by Manfred on 1/11/2019 4:23 PM]

Attached file : ChartTemplate-QQE2RSX.otd (152KB - 256 downloads)

Attached file : QQE2RSX.txt (4KB - 287 downloads)

Attached file : JurikRSX.txt (1KB - 284 downloads)

Attached file : QQE2hist.txt (4KB - 278 downloads)

Attached file : QQE2withJSX_Example_Omnitrader.png (84KB - 332 downloads)