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I tried Qstick on 2 stocks. As expected it produces a very jagged curve. I
think that something like an macd provides better signals.
The idea of Qstick is intuitively appealing. Perhaps the basic concept could
be adapted to a more effective indicator.
Lionel Issen
lissen@xxxxxxxxxxxxxx
----- Original Message -----
From: "Dan Harels" <harelsdb@xxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Thursday, January 31, 2002 10:07 AM
Subject: Re: momentum indicators, using also o-h-l
>
> 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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> >
>
>
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