This script is a combination of the RSI, QQE and BB
Here is an explanation on how I combined them, and how they are used:
- RSI (Relative Strength Index)
- Display a smoothed version of the RSI to identify "oversold" and "overbought" market phases
- Used to calculate a QQE
- QQE (Quantitative Qualitative Estimation)
- Used to identify trend...
so this strategy includes 3 indicators
the 1st one is Q Q E mode on default sittings
the 2nd one is R S I with the following settings
R S I length from 14 to 40
and M A length from 14 to 150
the 3rd one is volume flow indicator with the following settings
max vol cutoff from 2.5 to 0.5
and signal length from 5 to 20
in long condition...
I have not found this function anywhere on Tradingview but it can be very useful in setting orders in a strategy and non-integer boundaries for certain indicator designs. Its a bit underwhelming, but in other languages you can call a mod() function and the output will be the remainder of the integer.
If you want to set an order at a specific tick value,...