QQE Trend Strategy [Long/Short] by Shiroi-
By Shiroi-
Performance Metrics
- Author: Shiroi-
- Symbol: TVC:GOLD
- Timeframe: 5 minutes
- Win Rate: 29.6%
- Profit Factor: 0.759
Description
QQE Trend Strategy [Long/Short]A dual-band QQE (Quantitative Qualitative Estimation) strategy built on Pine Script v6.Two independently tuned QQE bands — Fast and Slow — provide both responsive and filtered trend signals, with an optional 50-line direction filter and percentage-based stop loss.━━━━━━━━━━━━━━━━━━━━━━━🔹 HOW IT WORKS━━━━━━━━━━━━━━━━━━━━━━━QQE transforms RSI into a smoothed oscillator, then applies a double-EMA ATR trailing band to detect trend reversals.When the QQE line crosses its trailing band:- Bullish crossover → Buy signal- Bearish crossover → Sell signalTwo band systems run in parallel:- Fast Band (lower factor) — more responsive, earlier signals- Slow Band (higher factor) — smoother, fewer false signalsSelect which band drives your entries via the Signal Band setting.━━━━━━━━━━━━━━━━━━━━━━━🔹 FEATURES━━━━━━━━━━━━━━━━━━━━━━━- Dual QQE Bands (Fast + Slow) → Both plotted simultaneously for confluence analysis.- 50-Line Direction Filter (optional) → When ON: Long entries only above 50, Short entries only below 50. → Helps eliminate counter-trend trades in strong trending conditions.- Trade Direction control → Both / Long Only / Short Only- Stop Loss (optional, percentage-based) → Calculated from average entry price. → Updated on every bar while in position.- Display toggles → Fast Band, Slow Band, Histogram, Background Color, Bar Color, Signal Markers → All independently switchable — use as a standalone indicator or a full strategy.- Commission & Slippage → Defaults: 0.03% commission, 1 tick slippage. → Adjustable via Strategy Properties tab without editing the script.━━━━━━━━━━━━━━━━━━━━━━━🔹 ALERT CONDITIONS (3 total)━━━━━━━━━━━━━━━━━━━━━━━- 🟢 Buy Signal — Bullish QQE trend reversal detected- 🔴 Sell Signal — Bearish QQE trend reversal detected- ⚡ Any Signal — Either direction triggeredAll alerts include ticker and timeframe: {{ticker}}, {{interval}}━━━━━━━━━━━━━━━━━━━━━━━🔹 SETTINGS━━━━━━━━━━━━━━━━━━━━━━━- RSI Length : 14 (default)- Smooth EMA Length : 5 (default)- Fast Band Factor : 2.618 (default)- Slow Band Factor : 4.236 (default)- Signal Band : Slow (default)- Lot Size : 1.0 (default)Increase the Band Factor to reduce signal frequency.Decrease it for more responsive entries on shorter timeframes.━━━━━━━━━━━━━━━━━━━━━━━⚠️ DISCLAIMER━━━━━━━━━━━━━━━━━━━━━━━This script is for educational and backtesting purposes only.Past performance does not guarantee future results.Always apply proper risk management before using any strategy in live markets.