Averages the slope of the candle body to show, in a single line, whether recent bars lean bullish or bearish. Tushar Chande's oscillator reads which side holds the upper hand from the body's bias, not from the rise and fall of the close.
The Qstick is an oscillator devised by the technical analyst Tushar Chande.
Where many oscillators track only the close, the Qstick looks at the body of the candle.
A bar's close minus open is the sign and the size of its body itself. Positive for an up bar, negative for a down bar, larger in magnitude the longer the body.
The Qstick averages this body value over the last N bars. In other words, it expresses how bullish or bearish recent bars lean, on average, as a single line.
When the line sits above zero, recent bodies are mostly bullish, an upward pressure. Below zero, bodies are mostly bearish, a downward pressure. The moment it crosses the zero line signals that the bias of the bodies has flipped.
The aim of the Qstick is to capture, from the slope of the bodies, which side is pushing through inside the daily candles, something the position of the close alone tends to hide.
How to Read
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