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10.31 QStick

The QStick indicator shows the dominance of black (down) or white (up) candlesticks, which are red and green in Chart, as represented by the average open to close change for each of past N days.

         close[1]-open[1] + ... + close[N]-open[N]
QStick = -----------------------------------------

Days which are up have positive amounts for close-open, days which are down have negative amounts. In adding them up they cancel out until the dominance of one over the other results.

Copyright 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2014, 2015, 2016, 2017 Kevin Ryde

Chart is free software; you can redistribute it and/or modify it under the terms of the GNU General Public License as published by the Free Software Foundation; either version 3, or (at your option) any later version.