MQ Indicator Suite

MQ Cycle Finder

Models the short-term cycle price action for any market and timeframe combination. This indicator comprises two different indicator displays. The primary indicator display, which is generated by analyzing the median price movement with respect to a moving average of median prices, represents the primary indicator line. This line is designed to communicate the dominant market and timeframe cycle. The second indicator display, which analyzes the relationship between the open and close of each price bar, is displayed as a histogram and is designed to represent a leading short-term cycle indicator.

MQ Market Strength

Evaluates the buying strength and the selling strength for a market and timeframe combination by displaying the number of ticks a market has been pushed either up (by the buyers) or down (by the sellers). This indicator can be an excellent tool to refine stop placement or offer an understanding about the degree of a typical price correction or surge.

MQ Migration

Communicates the Value Migration for a market and timeframe combination. Specifically, this indicator measures the cumulative ValueCharts® trading activity that penetrates beyond a High Value Level (HRef) and a Low Value Level (LRef). By understanding how value is migrating for a market and timeframe combination, a trader can get an idea about short-term trend direction and also identify potential price and indicator divergences.

MQ Migration Index

Communicates the Value Migration for a market and timeframe combination. Specifically, this indicator measures the ValueCharts┬« trading activity that penetrates beyond a High Value Level (HRef) and a Low Value Level (LRef) for a defined lookback period (Lookback). By understanding the overvalued and undervalued ValueCharts® activity for a defined Lookback, traders can see how the balance of power is shifting between the buying and selling forces within a market for any market and timeframe combination.

MQ Momentum

Given that Momentum is one of the three primary components of price, MQ Momentum communicates the Momentum for any market and timeframe combination. MQ Momentum displays a primary indicator line (solid line) along with a signal line (dashed line). Furthermore, the MQ Momentum indicator displays a histogram which communicates the difference between the primary indicator line and the signal line.

MQ Regression

Serves as a filter for general trend direction for a defined market and timeframe combination. The MQ Regression is a Linear Regression of the median prices for a defined look back period. This indicator is designed to give traders a basic sense about which side of the market they should be trading on (green for long or red for short). This indicator is designed to serve as a filter.

MQ Trend

Serves as a filter for general trend direction for a defined market and timeframe combination. This indicator plots a trailing stop price level either above or below the market to communicate both the direction of the trend and the price level that must be penetrated to reverse the direction of the trend. A green line plotted below the market is reflective of an uptrending environment and a red line plotted above the market is reflective of a downtrending environment.

MQ Trend Index

Communicates both the existence and the direction of a trend for any market and timeframe combination. In general, referencing default colors, a market is defined as trending in the up direction if the histogram value is positive, heading higher, and colored green. A market is defined as trending in the down direction if the histogram value is negative, heading lower, and colored red. Other colors and conditions are designed to communicate either price consolidation (sideways price action) or prices that have reversed direction relative to the previous trend.

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