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Qualitative Quantitative Estimation

Developer: FXCM

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The Qualitative Quantitative Estimation (QQE) indicator works like a smoother version of the popular Relative Strength Index (RSI) indicator.  QQE expands on RSI by adding two volatility based trailing stop lines.  These trailing stop lines are composed of a fast and a slow moving Average True Range (ATR).  These ATR lines are smoothed making this indicator less susceptible to short term volatility.

The most common method of using QQE is to look for crosses of the fast and slow moving trailing stop lines during periods when the QQE line reflects overbought or oversold conditions.

This indicator was developed on FXCodebase*.

  • RSI Period: Number of periods used to calculate the RSI
  • RSI Smoothing Period:  Number of periods used for smoothing RSI
  • ATR Period: Number of periods used to calculate the ATR
  • Slow ATR Multipliers: Value of multiplier used on the slow ATR, which will calculate the slow trailing stop
  • Fast ATR Multipliers: Value of multiplier used on the fast ATR, which will calculate the fast trailing stop
  • Show Trailing Stop Slow: Toggle the visibility of the slow trailing stop line.
Risk Disclaimer

The application displayed on this page does not take in to consideration your individual personal circumstances and trading objectives. Therefore it should not be considered as a personal recommendation or investment advice. Past performance is not indicative of future results. There is no guarantee that the systems, trading techniques, trading methods, and/or indicators will result in profits or not result in losses.


This Indicator is only compatible with FXCM Trading Station Desktop software. Additionally, an FXCM account is required (including free FXCM demo accounts).

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