Theory:
The QQE, or Quantitative Qualitative Estimation, is a popular tool among traders and is typically calculated using the Relative Strength Index (RSI). However, this version takes a different approach by utilizing the Rsi(oma), which stands for the ESI of Moving Average. As you might expect, this tweak can lead to some markedly different results compared to the traditional QQE, but don't let that deter you - it's definitely worth exploring for trading opportunities!
Usage:
One of the simplest ways to harness this indicator is by watching for color changes, which serve as actionable signals for your trades.
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