This 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' periods have been up, indicating that buying pressure has been increasing
I added more markings to clearly highlight the divergences (marked them in the chart above).
Excellent indicator. Using "make it mine" and will be trying QStick indicator.
grahvity
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So it looks like it's a red dot follows the green one in real time, look out.
Red during an apparent uptrend or rising price probably doesn't have enough volume to supported for long. Keep em coming, dude.
LazyBear
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Thanks for the comment.
The change in colors signify momentum loss and a potential reversal. Another area where this indicator is useful is for identifying the divergences (price making lower points, while the indicator doing the opposite).