Qstick as described by Tushar S. Chande and Stanley Kroll
Qstick indicator as described by Tushar S. Chande and Stanley Kroll in the New Technical trader. The indicator shows the range between open and close for the specified period of time boosted by the presence of exponential moving average.
Qstick is best to discover divergence and find local tops and bottoms.
Mercurius.a.m@gmail.com
Qstick is best to discover divergence and find local tops and bottoms.
Mercurius.a.m@gmail.com
//@version=2
study("Qstick")
lenght=input(defval=8,title="length_Qstick", step=1)
difference=sum(close,lenght)-sum(open,lenght)
ema_input=input(defval=5,title="length_ema", step=1)
ema=ema(difference,ema_input)
plot(difference, color=red, linewidth=2, style=histogram)
plot(ema)