Concept

Qstick

Qstick is a Momentum & Oscillators concept. The Library holds 2 implementations, each one a working definition you can pull into Quant.

Top Qstick indicators

2 total

What is Qstick?

Qstick is Tushar Chande's candle-body average: a simple moving average of close minus open over a short lookback. The name reflects its purpose, quantifying candlesticks: instead of eyeballing whether recent candles are mostly bullish or bearish bodies, Qstick collapses the bodies into one line. Above zero, closes have on balance been above opens, net buying during the bar; below zero, the reverse. Gaps between bars are ignored entirely, and there is no universal default length, though short lookbacks such as 8 bars are common in published examples.

It reads as a simple bias line. The zero cross marks the flip between net-bullish and net-bearish bodies, unusually high or low readings mark one-sided stretches, and divergence against price warns that a trend's candles are hollowing out even as price extends. Because Qstick is unbounded and scales with the instrument's price, its extremes have no fixed thresholds; they are judged against that market's own history.

How traders use it

  • Zero-line crosses as a body-bias trigger: a cross above zero after a stretch of net-bearish candles says intrabar buying has taken over; some implementations add a moving-average signal line on Qstick for earlier crossovers.
  • As candlestick confirmation: a bullish reversal pattern carries more weight when Qstick is already rising or above zero, because the average body agrees with the pattern's story.
  • As a divergence check: price pressing to new highs while Qstick fades toward zero shows shrinking bullish bodies, the same caution read other momentum divergences give.

Qstick vs related candle-body measures

Intraday Momentum Index: Both score candle bodies. Qstick keeps the raw average of close minus open, unbounded around zero; the Intraday Momentum Index feeds the same up and down bodies through an RSI-style ratio, producing a bounded 0-100 line with overbought/oversold bands.

Balance of Power: Balance of Power also starts from close minus open but divides by each bar's high-low range, so every bar contributes a normalized score. Qstick keeps raw body size, so a single wide-range bar can move it substantially while barely registering in BOP.

Related concepts · Classic single-name oscillators

Concept family

Momentum & Oscillators

91 concepts mapped · 72 in the Library

Qstick FAQ

What does the Qstick indicator measure?

The average candle body: close minus open, averaged over the lookback. Positive values mean bars have mostly closed above their opens (net intrabar buying); negative values mean the reverse. It ignores gaps between bars and has no fixed bounds, so the zero line is the main reference and extremes are relative.

What is a good Qstick length?

There is no single standard. Shorter lookbacks (published examples often use around 8 bars) keep it responsive for timing, while longer ones smooth it into a bias filter. As with any lookback choice, a setting that fit one market's history is not guaranteed to fit the next regime.

Build Qstick your way.

Quant writes, tests, and refines it with you — then it runs on LuxAlgo charting or ports to TradingView.