QQQQ 60 minute (7, 2.0)
QQQQ 60 minute (7, 4.0)
The above charts show off the trend model with the 2.0 and 4.0 ATR settings. The latter is a wider setting; fewer, more accurate trades. The former, 2.0, is still the default setting, nonetheless, in both cases the QQQQ is on a short term Sell signal. You can see the subtle differences that these respective settings make in trading around the signals and I continue to observe and evaluate my entire list of tradables using both settings, i.e. which one gives a more tradable edge?
Note also the pattern of lower highs and lower lows. If QQQQ takes out the low from last week @ 48.98, it may lead to an acceleration lower.