ASI EAs, indis, scripts & libraries

Accumulation Swing Index (ASI) – indicator MetaTrader 5

by
Accumulation Swing Index (ASI) - indicator for MetaTrader 5
ASI was created by Welles Wilder as an ordinary fluctuations indicator that gets signals from previous maximums and minimums of price. Once, Wilder said: “Somewhere amidst the maze of Open, High, Low and Close prices is a phantom line that is the real market.” What helps us reveal this phantom line is the accumulation index.

Accumulative Swing Index – ASI – indicator MetaTrader 5

by
Fig.1. ASI Indicator
Real author: MetaQuotes The Accumulative Swing Index indicator is applied for accumulative swing index construction (Accumulative Swing Index – ASI) which represents cumulative total of swing index values. Accumulative index draws an “actual” market line revealing market relative strength and trend. Support and resistance lines, breakdown of which is interpreted as an indicator’s signal, are