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Here is another idea....what about the moving average of the difference
between the close and the mid-point. Something like:
mov((C-(H+L)/2),20, S)
Just an idea. I haven't tried it.
Dan
>From: "Dan Harels" <harelsdb@xxxxxxxxxxx>
>Reply-To: metastock@xxxxxxxxxxxxx
>To: metastock@xxxxxxxxxxxxx
>Subject: Re: momentum indicators, using also o-h-l
>Date: Thu, 31 Jan 2002 06:09:07 +0000
>
>Check your Metastock Manual for interpretation of Qstick. It has about a
>page of discussion. The manual says that Qstick is the moving average of
>the difference between the open and close.
>
>
>>From: rudolf stricker <lists@xxxxxxxxxxx>
>>Reply-To: metastock@xxxxxxxxxxxxx
>>To: metastock@xxxxxxxxxxxxx
>>Subject: Re: momentum indicators, using also o-h-l
>>Date: Wed, 30 Jan 2002 18:41:13 +0100
>>
>>On Tue, 29 Jan 2002 20:24:32 +0000, you wrote:
>>
>> >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.
>> >
>>Thanks to all for the hints. - Are the formulas used in this Qstick
>>indicator available somewhere? (No matter, if MS formula language, C,
>>VBA or Fortran).
>>
>>mfg rudolf stricker
>>| Disclaimer: The views of this user are strictly his own.
>
>
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