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Chande and Kroll present Qstick in their book "The new Technical Trader. It
is an oscillator that takes candlestick information (O-H-L-C) and turns it
into an oscillator that reflects shifts in intraday momentum. Their theory
is that shifts in intraday momentum show up before shifts in intraday
momentum. I don't have the formula handy, but can post it later if someone
else doesn't respond.
Dan
>From: rudolf stricker <lists@xxxxxxxxxxx>
>Reply-To: metastock@xxxxxxxxxxxxx
>To: metastock@xxxxxxxxxxxxx
>Subject: momentum indicators, using also o-h-l
>Date: Tue, 29 Jan 2002 20:16:59 +0100
>
>
>Up to now, I use some ROC-based indicators calculated from close
>prices in my system.
>As I would like to use also the o-h-l information available, I wonder
>if there are any reliable momentum indicators, which also use the
>o-h-l information intelligently. (In the MS manual, I only found some
>using the o info.)
>
>Any hints?
>
>mfg rudolf stricker
>| Disclaimer: The views of this user are strictly his own.
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