Chande's QStick

Overview

The Chande QStick was developed by Tushar Chande to help identify market trends. It is a moving average of the difference between the opening and closing prices.

Interpretation

Signals can be generated by identifying peaks and troughs, zero line crossings, and/or divergences between the QStick and the instrument's price.

Implementation

The indicator is displayed as a bi-color histogram to make identifying peaks, troughs, and zero line crossings easier for the user. The moving average periods length and type are user-definable.

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