| Description |
Developed by Tushar Chande, the QStick indicator measures an average of the distance between the open and close over a given period. By measuring the open and close, the QStick provides insight into the price candlesticks over the given period and whether a majority are filled or unfilled.
Along with the raw QStick measure is a smoothed version of the signal. StockFetcher uses an EMA of the QStick as this smoothed value.
Two parameters are used with the QStick. The first parameter is the period of time used to compute average of the difference between the open and close. The second parameter is the period used for the smoothing EMA of the raw QStick signal.
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