QStick
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Qstick is the moving average of total difference of opens and closes for a certain period of time.

The meaning of Qstick is straight forward. Negative number of Qstick indicates that price drops most days during the period specified. And positive number of Qstick indicates price increases most days during the period specified.

You could think Qstick as a momentum indicator, which is appropriate for divergence pattern analysis on the indicator and the price itself.



Parameters

PARAMETERDESCRIPTION
Periodthe period of time for calculation of moving average