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| The QStick indicator helps to identify the trend's direction and strength by the average size of white (bullish) and black (bearish) candles for a certain period. Simplistically, we can say that if we see more white candles, then the indicator value will be above zero. Still, if black candles dominate, then the indicator value will be below zero. If the indicator moves from negative to positive, then this is a buy signal. And vice versa, the movement from a positive to a negative zone can be considered a sell signal. The QStick indicator's similarity with oscillators also allows you to identify overbought/oversold zones and bullish/bearish divergences. On the chart, the indicator is plotted as a histogram. A signal line is also added to make it easier to find pivot points. |
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QStick
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| QStick(8,5) Above Zero |
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| QStick(8,5) Below Zero |
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| QStick(8,5) Above Signal Line |
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| QStick(8,5) Below Signal Line |
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| QStick(8,5) Crossed Above Zero |
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| QStick(8,5) Crossed Below Zero |
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| QStick(8,5) Crossed Above Signal Line |
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| QStick(8,5) Crossed Below Signal Line |
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| QStick(8,5) Bullish Divergence |
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| QStick(8,5) Bearish Divergence |
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