The technical indicator Accumulation Swing Index ASI was created by Welles Wilder.
This is a cumulative indicator of the Swing Index indicator.
The UPS draws an imaginary line supposed to represent the real market price by comparing the old price compared to last.
Characteristics Trading - Swing UPS Accumulation Index
. Provides parameters quantification of the price change
. Watch flipping points of the short-term trend
. Give the opportunity to understand the real strength and market trend
Interpretation Signals From Trading Rules And
The Accumulation Swing Index is primarily used to confirm the breakout of a course.
If the index form a higher high, a positive breakout is confirmed.
If the index makes the lower top, a bearish breakout is confirmed
Formula - Accumulation Swing ASI Index
SI (i) = 50 * (CLOSE (i-1) -close (i) + 0.5 * (CLOSE ( i-1) -OPEN (i-1)) + 0.25 * (CLOSE (i) -OPEN (i)) / R) * (K / T)
ASI (i) = ASI (i-1) + SI (i)
Analysis Trading
Trade Forex - Example
Currency Pair: EUR / USD
Time frame: H1 - 1 Hour
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