Qstick Indicator

The Qstick indicator was developed by Tushar Chande. Qstick provides a way to quantify candlesticks. The distance between the open and close prices lies at the heart of candlestick charting. For those unfamiliar with candlestick charting, the body of a candlestick is black if today’s close is less than the open; it is white if today’s close is greater than the open. A majority of white candlesticks over a specified range is considered bullish. Whereas a majority of black candlesticks over a specified range is considered bearish.

The Qstick indicator is simply a moving average of the difference between open and close prices.

Syntax:

QstickIndicator
QstickIndicator()
QstickIndicator(“Method”)
QstickIndicator(“Period”, ”Method”)
QstickIndicator("OutPutStartCell", “Period”, ”Method”)

Inputs:

'Open' and 'Close' columns values

Parameters:

• Period (default=14)
• OutPutStartCell (default=the next blank column in theworksheet)
• Method (default= MvAvg) 

Examples:

QstickIndicator
QstickIndicator()
QstickIndicator(“MvAvg”)
QstickIndicator(MvAvg)
QstickIndicator(“LinWgtMvAvg”)
QstickIndicator(LinWgtMvAvg)
QstickIndicator(“ExpMvAvg”)
QstickIndicator(ExpMvAvg)
QstickIndicator(“14”, “MvAvg”)
QstickIndicator(14, MvAvg)
QstickIndicator(“14”, “LinWgtMvAvg”)
QstickIndicator(14, LinWgtMvAvg)
QstickIndicator(“14”, “ExpMvAvg”)
QstickIndicator(14, ExpMvAvg)
QstickIndicator("G2", "14", "ExpMvAvg")
QstickIndicator(G2, 14, ExpMvAvg)