Qstick as described by Tushar S. Chande and Stanley Kroll — Indicator by AleksandrLombrozo

indicator divegence tops bottoms candlestick

Qstick indicator as described by Tushar S. Chande and Stanley Kroll in the New Technical trader. The indicator shows the range between open and close for the specified period of time boosted by the presence of exponential moving average.
Qstick is best to discover divergence and find local tops and bottoms.

Mercurius.a.m@gmail.com

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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Want to use this script on a chart?

//@version=2
study("Qstick")
lenght=input(defval=8,title="length_Qstick", step=1)
difference=sum(close,lenght)-sum(open,lenght)
ema_input=input(defval=5,title="length_ema", step=1)
ema=ema(difference,ema_input)
plot(difference, color=red, linewidth=2, style=histogram)
plot(ema)