Investments glossary

Qstick Indicator

The Qstick Indicator is a technical analysis indicator developed by Tushar Chande to numerically identify trends in candlestick charting. 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. In summary, the measure provides an approximation for a security’s exponential moving average (or EMA), opening price, closing price, and their difference, as well as these values simple moving averages (or SMA).

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