Quantile band: In statistics and the theory of probability, quantiles are cutpoints dividing the range of a probability distribution into contiguous intervals with equal probabilities, or dividing the observations in a sample in the same way.
Quantitative Qualitative Estimation is based on a rather complex calculation of the smoothed RSI indicators. The QQE indicator consists of a smoothed Relative Strength Index ( RSI ) indicator and two volatility-based trailing levels (fast and slow). The Fast Trailing Level (TL) and Slow TL are constructed by calculating the ATR of the smoothed RSI over n-periods and then further smoothing the ATR using an additional n-periods Wilders smoothing function. This smoothed ATR of RSI is then multiplied by the Fast and Slow ATR Multipliers to calculate the final Fast and Slow Trailing Levels.
Buy when the Quantile band is green. Sell when the Quantile band is red. when the quantile band is gray hold
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