Accumulative Swing Index is an accumulative sum of values of swing indexes. ASI draws the “real” line of the market showing the comparative strength of the market and its direction. Their break is interpreted as the indicator’s signal. NRTR A variation of a well-forex indicators asi Nick Rypock Trailing Reverse indicator.
The script pumps over all quotations. Based on the book by Eric. Zigzag2 R Zigzag2_R_ is a variant of the indicator Zigzag with an added option of drawing two extremums on one bar. ASI has positive value — uptrend. ASI has negative value — downtrend. ASI trend line breakout — validates a breakout on the price chart. Welles Wilder, the creator of ASI indicator said, “Somewhere amidst the maze of Open, High, Low and Close prices is a phantom line that is the real market.
The Accumulation Swing Index shows this phantom line – the line of the real market. The Accumulative Swing Index uses a scale from 0 to 100 for an up trend and 0 to -100 for a down trend. Accumulative Swing Index is widely used to confirm or deny trend lines breakouts on Forex charts. Welles Wilder, developer of Accumulative Swing Index indicator, describes in his book “New Concepts in Technical Trading Systems” why ASI can be used for trend line breakout confirmations.