The Qstick indicator, conceived by Tushar Chande, serves as a quantitative tool in technical analysis to detect trends on a price chart. It is derived by calculating the moving average over 'n' periods of the difference between the opening and closing prices. When the Qstick value is above zero, it suggests that the majority of the past 'n' days have experienced upward movements, signifying an increase in buying pressure. Also known as Quick Stick, the Qstick Indicator is not commonly found in most trading and charting software applications. QSI=EMA or SMA of (Close−Open)
