what is the qstick indicator
the qstick indicator is a technical analysis indicator developed by tushar chande to numerically identify trends on a price chart 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 the qstick indicator is also called quick stick it is not widely available in trading and charting software the formula for the qstick indicator isqsi ema or sma of close open where ema exponential moving averagesma simple moving averageclose closing price for periodopen opening price for period begin aligned text qsi text ema or sma of text close text open textbf where text ema text exponential moving average text sma text simple moving average text close text closing price for period text open text opening price for period end aligned qsi ema or sma of close open where ema exponential moving averagesma simple moving averageclose closing price for periodopen opening price for period there is the option to add a simple moving average sma of the qstick indicator this creates a signal line 