Accumulative Swing Index (ASI) Forex Indicator For Metatrader 4

Developed by Welles Wilder, the Accumulative Swing Index MT4 indicator measures the long-term trend for any currency pair.

ASI Interpretation

  • If the long-term trend is upward, the Accumulative Swing Index returns a positive value on the MT4 sub-chart.
  • If the long-term trend is downward, the Accumulative Swing Index returns a negative value on the MT4 sub-chart.
  • During a sideways market, the Accumulative Swing Index fluctuates between + and – value.

According to Welles Wilder, the ASI technical indicator can be used to trade market breakouts, support/resistance, divergence,…

Naturally, you can incorporate the indicator into your own trading system.

Use the indicator on any Metatrader 4 symbol, including currency pair, stocks, commodities, indexes,…

Download This MT4 Forex Indicator Free

Download the “accumulative-swing-index.ex4” Metatrader 4 indicator

Accumulative Swing Index Indicator Chart

Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.

You can apply the indicator to any currency pair and time frame of your preference.

Finding Buy and Sell Triggers With Accumulative Swing Index Technical Analysis Chart Indicator

Below is an example of how to buy and sell currency pairs with this Forex indicator:

Buy Trigger: Open a buy trade when the Accumulative Swing Index MT4 indicator turns back above 0 from below. The long-term trend is now up.

Place a stop loss below long-term support, or use your own stop loss strategy.

Aim for reward/risk 3:1 ratio or better, or use your own take profit strategy.

Sell Trigger: Open a sell trade when the Accumulative Swing Index MT4 indicator turns back below 0 from above. The long-term trend is now down.

Place a stop loss above long-term resistance, or use your own stop loss strategy.

Aim for reward/risk 3:1 ratio or better, or use your own take profit strategy.

Download This Forex Indicator Now

Download the “accumulative-swing-index.ex4” MT4 indicator

Adjustable Parameters

T period, colors, width, style.

Usage

The indicator can be used as a stand-alone signals indicator.

It can also be combined with:

  • 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: MT4

Time frames: M1, M5, M15, M30, H1, H4, D1, W1

Indicator Type: long-term trend

Installation

Copy and paste the indicator in the MT4 indicators data folder.

Then restart the MT4 terminal and attach it to any chart.

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