"Qline" Indicator
Qline Trend Tracing Ribbon
The Qline is one of our most beloved indicators in the QuantVue toolkit.
The adaptive Qline trend ribbon allows traders to easily visualize trending bullish or bearish price action.
Many traders will use the Qline as a "boundary" or "bounce point" for accurate entries.
With complete customizability, the Qline can suit all trading styles.
SETTINGS
Traders can customize the Qline to be more or less responsive to price.
This can be adjusted via the "Length", "Multiplier" and "Reactivity" values.
The default Qline settings will have the Qline ribbon tightly trailing the candlestick. As you can see below, there are many "flips" in the Qline due to how reactive it is to price.
If traders want a more "smoothed" Qline, then simply adjusting the "Length" and "Multiplier" will do so. You can see in the image below that the Qline is now further from price, allowing for a smoother visual of price action.
The Qline is especially useful for entering and exiting trades.
Many traders wil wait for "bounces" off the Qline in either bullish or bearish direction.
These Qline retests can make for some great entries and exits.
Traders can also customize the Qline Alerts to show on their charts. As seen below.
Traders can also turn the Qline fill on or off, allowing for a cleaner ribbon.
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