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ARKA Qstick MT5

This indicator idea comes from Tushar Chande called Qstick.
Technical indicators quantify trend direction and strength in different ways.
One way is to use the difference between close and open for each bar and to sum it up over a period of time.

The formual is:
Qstick (period ) = Average ((close-open ), period )

In this indicator, we can choose how to calculate body by two famous chart types. The first and default indicator settings are based on Heiken Ashi chart, and the second is based on the Candlesticks chart.

If the resulting value is positive, the trend is considered up and shows with the blue color; otherwise,
the trend is considered down it shows with red color.

When Qstick value is greater than zero means that the majority of the last 'n' days(the default value is 8)
have been up, indicating that buying pressure has been increasing. Vice versa, when Qstick value is lower than zero means that the majority of the last 'n' days have been down, indicating that selling pressure has been increasing.

Crossing Qstick above Level Zero is used as bullish bias (long entry signal) because it is indicating
that buying pressure is increasing, while bearish bias (short entry signal) comes from the indicator
crossing down through zero. This indicator can be part of trading systems and we can use it to confirm our signals.


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This Indicator is based on Mr. Dan Valcu ideas. Bodies of candles(open-close) are the main component used to indicate and assess trend direction, strength, and reversals. The indicator measures difference between Heikin Ashi close and open. Measuring the height of candle bodies leads to extreme values that point to trend slowdowns. Thus quantifies Heikin Ashi to get earlier signals. I used this indicator on Heiken Ashi charts but, it's possible to choose to calculate Body size based on
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This indicator idea comes from Tushar Chande called Qstick. Technical indicators quantify trend direction and strength in different ways. One way is to use the difference between close and open for each bar and to sum it up over a period of time. The formual is: Qstick (period ) = Average ((close-open ), period ) In this indicator, we can choose how to calculate body by two famous chart types. The first and default indicator settings are based on Heiken Ashi chart, and the second i
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This indicator is designed based on Mr.   WD   Gann's square of nine methods. Using this indicator, we can enter the desired   pivot   price and, based on the coefficient we assign to it, extract 8   support and resistance   numbers with 8 angles of 45, 90, 135, 180, 225, 270, 315, and 360. Calculates 8   support and resistance   points and draws   support and resistance   lines. The coefficient is to triple the number of executions. To select   pivot points   in which a price is a lar
The Fisher Transform is a technical indicator created by John F. Ehlers that converts prices into a Gaussian normal distribution. The indicator highlights when prices have moved to an extreme, based on recent prices. This may help in spotting turning points in the price of an asset. It also helps show the trend and isolate the price waves within a trend. The Fisher Transform is a technical indicator that normalizes asset prices, thus making turning points in price clearer. Takeaways Turning poi
The Fisher Transform is a technical indicator created by John F. Ehlers that converts prices into a Gaussian normal distribution. The indicator highlights when prices have moved to an extreme, based on recent prices. This may help in spotting turning points in the price of an asset. It also helps show the trend and isolate the price waves within a trend. The Fisher Transform is a technical indicator that normalizes asset prices, thus making turning points in price clearer. Takeaways Turning poi
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