The QStick indicator is a simple n-period moving average of the price difference:
QStick = SMA(Period, (Close - Open))
QStick can be used as a simple replacement of candlesticks.
Positive values of QStick indicate a prevalence of "white" candlesticks in the n-period interval, while negative values indicate a prevalence of "black" candlesticks.
Author: Nikolay Kositsin
Chande's Q-Stick Indicator