Indicator: Chande's QStick Indicator

٢٢ مارس ٢٠١٤

QStick from Tushar Chande (more info => investopedia.com/terms/q/qstick.asp)

This numerically identify trends in candlestick charting. It is calculated by taking an 'n' period moving average of the difference between the open and closing prices. A Qstick value greater than zero means that the majority of the last 'n' periods have been up, indicating that buying pressure has been increasing

I added more markings to clearly highlight the divergences (marked them in the chart above).

Appreciate any comments/feedback.