Ultimate Moving Average X Quantitative Qualitative Estimation (beginner)

Ultimate Moving Average X QQE Mod

All indicator breakdowns will be found in the indicators tab on the home page of: STRATEGY

Indicators:

Go to INDICATORS and type in QQE Mod

QQE Mod in Indicators

Go to INDICATORS and type in Ultimate Moving Average Multi-Time Frame

Ultimate MA in Indiators

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How to Execute Long:

The following parameters must happen together within a very quick time frame.

1. The Ultimate MA must turn from Red to Green and price breaking above the MA Line
2. If the first parameter is printed check the QQE Mod which has to begin printing blue histograms.
3. When taking this trade, put your stop loss at the last candle in the red MA hazing.

Long Entry in pink (MA turns Green, price breaks above, and QQE is blue)

In Lehmans Terms: If the line is green, and the price has just broken above that same line, look at the bottom graph and if it is now blue, price is likely to rise.

How to Execute Short:

    The following parameters must happen together within a very quick time frame.

1. The Ultimate MA must turn from Green to Red and price breaking below the MA
2. If the first parameter is printed check the QQE Mod which has to begin printing red histograms.
3. When taking this trade, put your stop loss at the last candle in the green MA hazing.

Many possible short entries in blue (MA turns red, price breaks below, QQE is red)

In Lehmans Terms: If the line is now red, and the price has just broken below that same line, look at the bottom graph and if it is now red, price is likely to fall.

This next part is advanced so you don't need to memorize this.

How does UMA work?

The Ultimate Moving Average (UMA) is a technical indicator that is used in trading to identify trends and potential buy and sell signals. It's a type of moving average that combines multiple moving averages into one indicator to provide a more comprehensive view of the market. The UMA is created by combining different types of moving averages, such as simple moving averages, exponential moving averages, and weighted moving averages, with each type of average having its own unique calculation method. The different types of moving averages are combined in a specific manner to create the UMA, which is then plotted on a chart to provide a visual representation of the trend. The UMA is typically used to identify potential trend reversals and to generate buy and sell signals based on the crossover of the UMA with price. A buy signal is generated when price crosses above the UMA, indicating that the trend is bullish, and a sell signal is generated when price crosses below the UMA, indicating that the trend is bearish.

How does QQE Mod work?

QQE Mod Indicator

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QQE (Quantitative Qualitative Estimation) is a technical indicator used in trading. It is a modification of the Moving Average indicator and is designed to identify trends, signals and price momentum in the market.

The QQE mod consists of two main components:

1. QQE line - This is a moving average line, which is derived from the difference between two smoothed versions of the price. The QQE line is calculated by taking the difference between the fast and slow moving averages, and then smoothing this value over a period of time.
2. QQE histogram - This is a bar chart that represents the difference between the QQE line and a signal line. The histogram helps to visualize the strength and direction of the trend.

To calculate the QQE mod, the following steps are taken:

1. Calculate the smoothed RSI (Relative Strength Index) of the price over a period of time, using a smoothing factor.
2. Calculate the fast and slow moving averages of the smoothed RSI.
3. Calculate the QQE line as the difference between the fast and slow moving averages, smoothed over a period of time.
4. Calculate the signal line as a moving average of the QQE line over a period of time.
5. Calculate the QQE histogram as the difference between the QQE line and the signal line.

The QQE mod pulls data from the market in real-time to perform its calculations. It uses the price and volume data from the market to calculate the RSI, which is then used to calculate the QQE line and histogram.

Traders use the QQE mod to identify trend direction and strength, as well as to generate buy and sell signals. When the QQE line crosses above the signal line, it is considered a buy signal, while a cross below the signal line is a sell signal. Additionally, traders may look for divergences between the QQE mod and price to identify potential reversals or changes in momentum.