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QStick from Tushar Chande for Amibroker (AFL)
Rating:
3 / 5 (Votes 3)
Tags:
oscillator, amibroker
A technical indicator developed by Tushar Chande to 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’ days have been up, indicating that buying pressure has been increasing.
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Indicator / Formula
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/* QStick from Tushar Chande. This indicator measures intraday momentum by using the distance between the open and close of price over "n periods". It is set at the default ( 8 ) periods that Chande suggest. */ MaxGraph=3; Graph0=MA( C-O,8); // The '0' line. Graph1=0; Graph1Style=5; Graph1Style=styleNoLabel;
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