Qstick (Pullback Setup)

Discussion in 'Technical Analysis' started by Sundog, Sep 4, 2007.

  1. Sundog


    Is anybody using Qstick to measure trend strength ?

    A possible usage could be:
    A strong positve Qstick with price at MA could be a good buy setup(pullback), but I would add some more ingredients to the soup, like e.g. good relative strength to an index if you trade stocks.

    So far anybody using it ?


  2. Sundog


    If somebody does not know what Qstick is, google it. It is an indicator developed by Thushar Chande and really simple.

    It is actually a MA of the close - open.