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Indicators: ChandeQStick

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Automated-Trading
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ChandeQStick:

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.

Fig. 1. The ChandeQStick indicator

Author: Nikolay Kositsin

Sergey Golubev
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