Accumulating Swing Index Values to Track Trend and Levels

Summary

The Accumulative Swing Index, or ASI, is described as the cumulative sum of Swing Index values. Its plotted line is intended to represent an “actual” market line that reflects relative strength and trend. The indicator also draws support and resistance lines, with breaks of those lines treated as potential signals. The document identifies MetaQuotes as the author of the implementation and notes its earlier publication in the MQL4 CodeBase.

This is a brief description rather than a guide to calculating or trading the indicator. It gives no formula, parameter guidance, chart example, market or timeframe recommendation, or performance results. In particular, it does not define how support and resistance are selected or quantify what a break implies. The description therefore explains the indicator’s basic construction and intended interpretation, while leaving its reliability and practical use untested in the text.

Key ideas

• ASI is formed by cumulatively adding Swing Index values.
• The plotted line is intended to show relative strength and trend.
• The indicator draws support and resistance levels whose breaks are treated as signals.
• The document does not provide calculation details, settings, or performance evidence.
• MetaQuotes is credited with the implementation.

Tags

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