MetaTrader 5 (MT5) is one of the most powerful trading platforms available for forex, stocks, and commodities.
If you want to take your analysis to the next level, setting up the Qstick Indicator on MT5 can be a great move.
In this guide, you’ll learn how to install, set up, and customize the Qstick Indicator quickly and easily.
What Is the Qstick Indicator?
The Qstick Indicator measures the average difference between closing and opening prices over a defined number of periods.
- Positive Qstick values indicate bullish sentiment.
- Negative Qstick values suggest bearish sentiment.
- Zero-line crossovers are often used for trade signals.
It’s an excellent tool for identifying the strength and direction of trends based on candlestick body analysis.
How to Install the Qstick Indicator on MT5
The Qstick Indicator is not pre-installed by default in MT5, so you’ll need to download a custom version.
✅ Step-by-Step Installation:
- Download the Qstick.mq5 file from a trusted source (such as MQL5.com, ForexFactory, or your broker’s plugin store).
- Open your MetaTrader 5 platform.
- Navigate to File → Open Data Folder.
- Go to:
MQL5 → Indicators - Paste the Qstick.mq5 file into the Indicators folder.
- Restart your MT5 platform.
- Open any chart → Insert → Indicators → Custom → Qstick.
Done! The Qstick Indicator will now be available in your custom indicators list.
How to Customize the Qstick Indicator on MT5
Once added to your chart, you can customize it to match your trading strategy:
✅ Key Settings:
- Period/Length:
- Default: 14 periods
- You can adjust (e.g., 20 or 30) based on the timeframe and sensitivity you prefer.
- Moving Average Type:
- Simple Moving Average (SMA) — smoother signals
- Exponential Moving Average (EMA) — faster signals
- Line Color and Thickness:
- Change colors for better visibility against your chart background.
- Levels (Optional):
- Add a horizontal zero-line for easier trend change spotting.
How to Trade with the Qstick Indicator on MT5
✅ Buy Signal:
- Qstick crosses above zero
- Indicates strengthening bullish momentum.
✅ Sell Signal:
- Qstick crosses below zero
- Shows increasing bearish pressure.
Pro Tips:
- Combine with Moving Averages for trend confirmation.
- Use RSI or MACD to filter out false Qstick crossovers.
- Confirm with price action near support/resistance zones.
Example Settings for Different Timeframes
| Trading Style | Period | Moving Average Type | Timeframe |
|---|---|---|---|
| Intraday Trading | 8–14 | EMA | 5-min / 15-min |
| Swing Trading | 14–20 | EMA or SMA | 1H / 4H |
| Position Trading | 20–30 | SMA | Daily / Weekly |
FAQs
1. Is the Qstick Indicator available in MT5 by default?
No, it must be installed manually as a custom indicator.
2. Can I use Qstick on all assets in MT5?
Yes, it works with forex, stocks, indices, commodities, and crypto if your broker provides the instruments.
3. Which moving average is best for Qstick — EMA or SMA?
EMA reacts faster to recent price changes, making it ideal for short-term trading.
4. Can I create alerts for Qstick zero-line crossovers in MT5?
Yes, with basic programming (using MetaEditor) or by using available alert indicators.
5. Is Qstick good for beginners?
Absolutely. Its zero-line crossover logic is simple and easy to interpret.
