Skip to content
All library documents

Absolute Strength Histogram: Comparing Smoothed Bull and Bear Strength

Article MQL5 code base
Read the original

Summary

The Absolute Strength Histogram (ASH) is presented as a trend-following indicator derived from the Absolute Strength Oscillator. It plots the difference between smoothed bull and bear strength. Bull strength is based on the applied price relative to the period low, while bear strength uses the period high relative to that price. The calculation first averages these values over a selected period, then smooths them again.

Inputs include the calculation period, smoothing period, calculation mode and method, and applied price; RSI and Stochastic modes are also referenced. The document shows examples of the two modes and a comparison with ASO, but supplies no performance results, trading rules, or validation. The histogram describes relative buying and selling pressure; the source does not establish that its signals predict returns or specify how to manage trades.

Key ideas

  • ASH plots the difference between smoothed bull strength and bear strength.
  • Bull and bear strength use the applied price and the period's low and high.
  • The indicator applies averaging over a selected period followed by additional smoothing.
  • RSI and Stochastic calculation modes are illustrated, alongside a comparison with ASO.
  • The description provides no tested entry rules or evidence of predictive performance.

Tags

Technical indicatorsTrend following

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.