Description
The QStick study is a candlestick indicator calculating a moving average of the difference between the Open and the Close of a security.
Negative values of the QStick study suggest a bearish trend, while positive values indicate a bullish trend. An extremely low QStick value with further reversal indicates a Buy signal, conversely, an extremely high QStick value followed by the reversal suggests a Sell signal.
Input Parameters
| Parameter | Description |
|---|---|
length
|
The number of bars used to calculate the indicator. |
Plots
| Plot | Description |
|---|---|
QStick
|
The QStick indicator. |
ZeroLine
|
Zero level. |
Example*
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.