Chandes Quick Stick (Qstick) - Script for MetaTrader 5
The indicator was designed by scientist, inventor, author and trader Tushar Chande to help identify market trends through the use of candlestick charts.
If the Qstick indicator shows a reading below zero, it indicates that most of the candlesticks during the period examined were bearish and, therefore, the bias of the trading instrument is bearish.
If the Qstick indicator shows a reading above zero, it indicates that most of the candlesticks during the period examined were bullish and, therefore, the bias of the trading instrument is bullish.
Attachment download
📎 chandes_quick_stick_tqstick3.mq5 (12.65 KB)
Source: MQL5 #19858
Chandes Quick Stick (Qstick) - MetaTrader 5 script usage and filtering recommendations
Chandes Quick Stick (Qstick) - MetaTrader 5 script is a resource related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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