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Indicators

Chande QStick v1 - indicator for MetaTrader 4

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Views:
8371
Rating:
votes: 2
Published:
2008.11.13 07:30
Updated:
2014.04.21 14:53

Author: igorad


Indicator QStick represents a simple n-period moving average for the difference of the close and open prices.


QStick = MA(n, (Close - Open)),

QStick can be used as a simple substitution or as the candlesticks determinant. The positive values of QStick denote the domination of the "white" candlesticks in the n-period interval, and the negative values of QStick denote the domination of the "black" candlesticks.




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