Theory:
The QQE, or Quantitative Qualitative Estimation, is a popular tool among traders, typically calculated using the Relative Strength Index (RSI). However, this version takes a different approach by utilizing the RSI of Moving Average (Rsi(oma)). The results can vary significantly from the traditional QQE, and you'll notice that this version is displayed directly on your chart. Surprisingly, the outcomes seem to hold up well!
Usage:
One of the key features of this indicator is its ability to signal potential trading opportunities through color changes. Keep an eye on these shifts to make informed trading decisions.
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