This is the QQE (Quantitative Qualitative Estimation) indicator. The origin of this indicator is unclear, it is a mystery indicator derived from Welles Wilder's RSI.
The main plot of the QQE is a smoothed RSI. The indicator then measures the amount of the absolute change between two consecutive values of the smoothed RSI. The absolute changes are then double-smoothed exponentially. The double smoothed value is then multiplied by two user defined multipliers. The result is then used to calculate a fast and a slow trigger line.
Entry and exit signals: Watch out for crosses of the smoothed RSI and one of the trigger lines.
Trend Filter: When the smoothed RSI is above or below the midline (50), this is an indication for an uptrend or downtrend.
Divergences: The main plot of the indicator is a smoothed RSI and can be used to detect divergences between momentum and price.
The attached version of the QQE is entirely recoded, as the QQE which is currently available for NinjaTrader had a few shortcomings. In particular, this indicator uses fewer DataSeries objects, creates instances of the RSI and EMA in OnStartUp(), has a second trigger line added, allows to select the multipliers for the trigger lines and also allows to set the momentum smoothing period independently from the RSI period. Usually for the momentum smoothing period the value 2*RSI_period - 1 is used.
This is Constance Brown's Derivative Oscillator indicator for MultiCharts, and was presented in her book "Technical Analysis for the Trading Professional" (chapter 14, "The Derivative Oscillator").
This oscillator uses a 14-period RSI, which is then double smoothed with exponential moving averages.
In a second step, a signal line is generated from the smoothed RSI by calculating a simple moving average of it.
The Derivative Oscillator is then calculated as the difference between the smoothed RSI and it's signal line.
Based on the original "Derivative Oscillator" coded by FatTails for NinjaTrader found here.
RSI with Colors and Sound when Price hits Over Bought/Over Sold Zones.
In the archive you will find the two standard sound files I use. You will need to put them in your Ninja Trader Program folder:
(in Windows 7 64-Bit C:\Program Files (x86)\NinjaTrader 7\sounds)
Constance Brown's Derivative Oscillator was published in her book "Technical Analysis for the Trading Professional".
The oscillator uses a 14-period RSI. The RSI is then double smoothed with exponential moving averages. The default settings for the smoothing periods are 5 and 3.
In a second step a signal line is generated from the smoothed RSI by calculating a simple moving average with a period of 9.
The Derivative Oscillator is calculated as the difference between the smoothed RSI and the signal line and displayed as histogram.
This strategy is a simple trend trader that uses RSI and MACD.
The strategy uses RSI as a trend filter with a 50/50 cutoff. RSI > 50 only long trades will be opened, RSI < 50 only short trades will be opened.
The trigger is MACD, I was using 21,55, and 9 as the default settings. If bullish MACD cross takes place while RSI > 50, long position will be opened. If Bearish MACD cross takes place while RSI < 50, short position will be opened.
Risk is managed via Stop, Profit Target, Breakeven Stop, and a Trailing Stop. All are in Dollars - not number of pips.
All of the inputs can be modified through the input options menu when setting the strategy.
This indicator combines the overbought and oversold logic of Bollinger Bands and that of the Relative Strength Index. When the RSI line crosses below the upper bollinger band from above, it is a signal to sell. When the RSI line crosses the lower bollinger band from below, it is a signal to buy.
Plots the MACD, RSI, or Stochastics and automatically draws a line representing the current trend and generates an alert if the trend line is broken. Based on the Automatic Trend Line Detection indicator by NinjaTrader_Ray.
August 25th, 2019 02:57 PM dyst Thank you! I downloaded the other version but something seemed a bit 'off' with that one. So glad I found this. Experime