Qstick
MomentumOwn panel belowWhether closes finished above opens more often than not over the recent window.
What it looks like
Drawn by running the real calculation over one sample series. Open a symbol and it is recalculated on that symbol's bars.
How to read it
It averages close minus open. Above zero the window mostly closed up; below zero, mostly down.
Where it misleads
It only means something in markets where the open carries information.
Default settings
You can change these on the chart. These are the values it starts with.
In SQMATE
One tap to add
Open a symbol, tap the name in the indicator list and it is drawn straight away. You can stack several copies of the same indicator with different settings.
Recalculated per timeframe
Switch between minute, hourly, daily, weekly or monthly bars and it is recalculated on that timeframe. The maths runs over every bar loaded, so zooming never moves the line.
Use it as a search condition
Some indicators can also be used as an axis when searching for symbols — for example, keeping only symbols above a given reading, scanned every night.
Related indicators
- Rank Correlation Index (RCI)How well the order of dates matches the order of prices, from −100 to +100.
- Schaff Trend Cycle (STC)MACD run through a stochastic twice and rescaled to 0–100.
- RSIUpward force against downward force over the recent window, scaled 0–100.
- StochasticWhere today's close sits between the recent high and low, scaled 0–100.
- Stochastic RSIA stochastic applied to RSI, which makes it far more sensitive.
- MACDHow far a short average has pulled away from a long one.
Every indicator is an observation computed from past bars. It does not tell you future prices and it is not investment advice.