Qstick Indicator

The Qstick indicator was developed by Tushar Chande. Qstick provides a way to quantify candlesticks. The distance between the open and close prices lies at the heart of candlestick charting. For those unfamiliar with candlestick charting, the body of a candlestick is black if today’s close is less than the open; it is white if today’s close is greater than the open. A majority of white candlesticks over a specified range is considered bullish. Whereas a majority of black candlesticks over a specified range is considered bearish.

The Qstick indicator is simply a moving average of the difference between open and close prices.

Syntax:

Public Function QstickIndicator(ByVal HLOCV()() As Double, ByVal Lag As Long, ByVal Method As axltaMovingAverageType) As Double

Parameters:

ByVal HLOCV()() As Double
ByVal Lag As Long
ByVal Method As axltaMovingAverageType

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Example:

Dim TA4Net As New TA4Net.CTAFunctions("YOUR-REGISTRATION-CODE")

Dim Result() As Double

Dim HLOCV(,) As Double

' loading values to array

HLOCV = GetHLOCVValues()

' calculating Technical Analysis function

Result = TA4Net.QstickIndicator(HLOCV, 14, TA4Net.axltaMovingAverageType.axltaMovExponential)

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