|
PureBytes Links
Trading Reference Links
|
{**************************************************
Indicator Name: Q-Stick
Adapted from Tushar Chande's book The New Technical Trader
***************************************************}
Inputs: x_length(8), y_length(8);
vars: qstick(0);
Qstick = xaverage((Close - Open), x_length);
Plot1(qstick, "qstick");
plot2(average(qstick, y_length), "average_qstick");
----- Original Message -----
From: "John Cappello" <jvc689@xxxxxxx>
To: "Kimberly" <kimberly@xxxxxxxxxx>; <realtraders@xxxxxxxxxxx>
Sent: Sunday, October 08, 2000 9:20 PM
Subject: [RT] RT] Trading Methodologies
> Dear Kimberly,
>
> That's it!Most of the questions to this point can be answered at the
> website Kimberly provides.Descriptions of many indicaters.For
> Donchian in realtime I will dig out tomorrow for those interested.
>
> I am hitting the sack and will answer the other questions that I am
> able tomorrow.
>
> Thanks for the feedback.
>
> Sincerely,
>
> John
>
>
>
> ------------------ Reply Separator --------------------
> Originally From: "Kimberly" <kimberly@xxxxxxxxxx>
> Subject: RE: [RT] Trading Methodologies
> Date: 10/08/2000 09:08pm
>
>
> Is this it, John?
>
> from http://www.tradesignals.com/indicators/#QSTK:
>
> Qstick (QSTK)
>
> The Qstick was developed by Tushar Chande and
> is
> explained in "The New Technical Trader". It is a simple tool for
> classifying
> candle sticks and can be
> defined as a moving average of the difference
> between open and close prices.
>
> If a bars close is less than the open then the
> candle is black.
>
> If a bars close is greater than the open then
> the
> candle is black.
>
> Hence a cluster of black candle sticks is
> considered
> bearish and a cluster of white candle sticks is considered bearish.
>
> The Qstick is the moving average of the
> Close -
> Open.
>
> Thus negative Qstick values indicate a
> possible
> cluster of black candle sticks (bearish) and positive Qstick values
> indicate
> a possible cluster of white candle
> sticks (bullish).
>
> Simply put, the Qstick may be used as a simple
> replacement or qualifier for candle sticks.
>
> Displays the volume and moving averages of the
> volume.
>
> warmest regards,
> Kimberly
>
> -----Original Message-----
> From: James T. Baker [mailto:rekabjim@xxxxxxxxxxxxx]
> Sent: Sunday, October 08, 2000 8:49 PM
> To: realtraders@xxxxxxxxxxx
> Subject: Re: [RT] Trading Methodologies
>
>
> John:
> Can you direct me to a site where I can get informatoin on QSTK and
> how to
> program it on one minute bar charts?
> James Baker
>
> John Cappello wrote:
>
> To List:
> I had been day trading a combination of crossing exponential
> moving
> averages with QSTK [linear interpretation of Japanese candles]
> plus
> Price Oscillater for further confirmation.Results are great.
>
> But last week with the added earned capital I took a look at
> Donchian
> Channels.Did very well and fewer things to watch.
>
> All was done real time mostly with one minute bars on e-mini
> Nasdaq
> and S&P.
>
> Purpose of post is to share this plus to hear the experience of
> any
> others with any or all of the above,particularly Donchian
> Channels.
>
> Sincerely,
>
> John
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxx
>
>
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxx
>
>
>
>
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxx
>
>
>
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxx
|