The QStick indicator quantifies and identifies trends in candlestick charts. The indicator is a moving average calculation of the difference between the Open and Close prices over a specific period.

Configuration Options

  • Period: Number of bars to use in the calculations.
  • Moving Average Type: Type of moving average to use in the calculations:
    • Simple
    • Exponential
    • Time Series
    • Triangular
    • Variable
    • VIDYA
    • Weighted
    • Welles Winder
    • Hull
    • Double Exponential
    • Triple Exponential
  • Color Selectors: Colors to use for graph elements.
  • Display Axis Label: Whether to display the most recent value on the Y axis.


\[ qstick_{t} = \frac{1}{n} \sum_{i=0}^{n-1} \left ( close_{t-i} - open_{t-i} \right ) \]