Accumulation Swing Index Forex Indicator For Metatrader 5
The Accumulation Swing Index MT5 indicator represents a nice visual presentation of bull vs bear trade pressure in the Forex market.
It’s made of a single blue swing index signal line that appears in a sub-MT5 window below the main trading chart.
How to interpret the Accumulation Swing Index technical indicator:
- A rising Swing Index line indicates that there’s buying pressure in the market. There are more bulls than bears in the market.
- A falling Swing Index line indicates that there’s selling pressure in the market. There are more bears than bulls in the market.
Use the Accumulation Swing Index Metatrader 5 indicator in conjunction with other trading indicators or price action strategies to improve its performance.
Feel free to experiment with the T period parameter.
Deploy on any currency pair, stocks, indices, Gold,…
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Accumulation Swing Index Forex Indicator Chart
Here’s an example of how the indicator should look like when loaded onto the Metatrader 5 chart.
You can apply the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Triggers With Accumulation Swing Index Forex Technical Analysis Chart Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Go long when the overall currency trend is up and the Accumulation Swing Index indicator line is rising.
Place stop loss below previous swing low support, or use your own stop loss placement method.
Exit the buy trade for a reward to risk 1.7:1 ratio or use a fixed profit target, for instance 30 pips on the 5 min chart.
You can also exit the buy trade when the blue Swing Index indicator line starts falling significantly.
Sell Trigger: Go short when the overall currency trend is down and the Accumulation Swing Index indicator is falling.
Place stop loss above previous swing high resistance, or use your own stop loss placement method.
Exit the sell trade for a reward to risk 1.7:1 ratio or use a fixed profit target, for instance 70 pips on the 1-hour min chart.
You can also exit the sell trade when the blue Swing Index indicator line starts rising significantly.
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T maximum price changing, colors, width, style.
The indicator can’t be used as a stand-alone signals indicator.
- Trading oscillators (MACD, Stochastic, RSI,…)
- Trend indicators (Moving Average, Bollinger Bands, ADMI,…)
- Price action methods and techniques
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT5
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: Bull/Bear
Copy and paste the indicator in the MT5 indicators data folder.
Then restart the MT5 terminal and attach it to any chart.