OPEN-SOURCE SCRIPT
QQE Channel Strategy
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QQE Channel Strategy (QCS) — TradingView Description
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█ OVERVIEW
QQE Channel Strategy is a fully original trend-following strategy that combines two independently implemented components:
① Trend Channel — Built from High/Low EMA bands. Price breaking above the upper band signals bullish trend; breaking below the lower band signals bearish. The inner band acts as an exit line.
② Momentum Filter — A QQE-concept oscillator built from scratch. RSI is smoothed, its volatility is ATR-normalized, and trailing bands determine trend direction. Entry is only allowed when both components agree on direction.
█ ENTRY CONDITIONS
Long : Channel flips bullish while momentum is bullish,
OR momentum flips bullish while channel is already bullish.
Short : Same logic, opposite direction.
█ EXIT CONDITIONS
• Fixed SL / TP via strategy.exit() (enabled by default)
— SL: lowest low (long) or highest high (short) over the last N bars
— TP: SL distance × RR ratio
• Signal-based exit as a safety net:
— Price crosses back through the exit line
— Momentum flips against the position
█ DEFAULT SETTINGS
Group | Parameter | Default
─────────────────── | ────────────────────────── | ───────
Trend Channel | Channel EMA Length | 60
Momentum Filter | RSI Length | 14
Momentum Filter | RSI Smoothing (EMA) | 5
Momentum Filter | QQ Factor | 4.238
SL / TP | Use Fixed SL/TP | ON
SL / TP | Swing Length (SL basis) | 10
SL / TP | Risk/Reward Ratio | 1.0
Strategy | Long / Short | Both ON
Strategy | Lot Size | 1.0
Commission | (hardcoded) | 0.05%
All parameters are adjustable from the indicator settings panel.
Commission can also be overridden via Properties tab → Commissions.
█ ALERTS
Four alert conditions are available:
• 🟢 Long Entry
• 🔴 Short Entry
• ⚠️ Exit Arrow
• 📢 All Signals (combined)
█ NOTES
— This strategy is a fully original implementation.
No external scripts or third-party code were used.
— QQE refers to the Quantitative Qualitative Estimation algorithm concept,
independently implemented from documented sources.
— Backtested with commission 0.05% and slippage 2 ticks.
Adjust these in the Properties tab to match your broker's conditions.
— Results vary by symbol and timeframe. Always verify on your target pair
before live trading.
QQE Channel Strategy (QCS) — TradingView Description
─────────────────────────────────────────────
█ OVERVIEW
QQE Channel Strategy is a fully original trend-following strategy that combines two independently implemented components:
① Trend Channel — Built from High/Low EMA bands. Price breaking above the upper band signals bullish trend; breaking below the lower band signals bearish. The inner band acts as an exit line.
② Momentum Filter — A QQE-concept oscillator built from scratch. RSI is smoothed, its volatility is ATR-normalized, and trailing bands determine trend direction. Entry is only allowed when both components agree on direction.
█ ENTRY CONDITIONS
Long : Channel flips bullish while momentum is bullish,
OR momentum flips bullish while channel is already bullish.
Short : Same logic, opposite direction.
█ EXIT CONDITIONS
• Fixed SL / TP via strategy.exit() (enabled by default)
— SL: lowest low (long) or highest high (short) over the last N bars
— TP: SL distance × RR ratio
• Signal-based exit as a safety net:
— Price crosses back through the exit line
— Momentum flips against the position
█ DEFAULT SETTINGS
Group | Parameter | Default
─────────────────── | ────────────────────────── | ───────
Trend Channel | Channel EMA Length | 60
Momentum Filter | RSI Length | 14
Momentum Filter | RSI Smoothing (EMA) | 5
Momentum Filter | QQ Factor | 4.238
SL / TP | Use Fixed SL/TP | ON
SL / TP | Swing Length (SL basis) | 10
SL / TP | Risk/Reward Ratio | 1.0
Strategy | Long / Short | Both ON
Strategy | Lot Size | 1.0
Commission | (hardcoded) | 0.05%
All parameters are adjustable from the indicator settings panel.
Commission can also be overridden via Properties tab → Commissions.
█ ALERTS
Four alert conditions are available:
• 🟢 Long Entry
• 🔴 Short Entry
• ⚠️ Exit Arrow
• 📢 All Signals (combined)
█ NOTES
— This strategy is a fully original implementation.
No external scripts or third-party code were used.
— QQE refers to the Quantitative Qualitative Estimation algorithm concept,
independently implemented from documented sources.
— Backtested with commission 0.05% and slippage 2 ticks.
Adjust these in the Properties tab to match your broker's conditions.
— Results vary by symbol and timeframe. Always verify on your target pair
before live trading.
Skrypt open-source
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Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
Skrypt open-source
W zgodzie z duchem TradingView twórca tego skryptu udostępnił go jako open-source, aby użytkownicy mogli przejrzeć i zweryfikować jego działanie. Ukłony dla autora. Korzystanie jest bezpłatne, jednak ponowna publikacja kodu podlega naszym Zasadom serwisu.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.