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# ASO - indicator for MetaTrader 5

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1752
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Published:
2018.07.13 15:19

Indicator ASO (Average Sentiment Oscillator) displays the general market climate.

It has four configurable parameters:

• Range period - range calculation period;
• Smoothing period - oscillator smoothing period;
• Method - smoothing method;
• Mode - calculation mode:
• Combined - combined mode;
• Intra-bar - intra-bar mode;
• Group algorithm - group algorithm mode.

Calculations:

```Bulls = MA(BL, Smoothing period, Method)
Bears = MA(BR, Smoothing period, Method)
```

where:

Combined Mode:

```BL = (IBL+GBL)/2
BR = (IBR+GBR)/2
```

Intra-bar Mode:

```BL = IBL
BR = IBR
```

Group Algorithm Mode:

```BL = GBL
BR = GBR
IBL = 50 * (Close - Low + High - Open)/(High - Low)
IBR = 50 * (High - Close + Open - Low)/(High - Low)
GBL = 50*(Close - GL + GH - GO)/(GH - GL)
GBR = 50*(GH - Close + GO - GL)/(GH - GL)
```
• GO - Open within Range period;
• GL -minimum value of High within Range period;
• GH - maximum value of Low within Range period.

Fig 1. Combined Mode

Fig. 2. Intra-bar Mode

Fig. 2. Group Algorithm Mode

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/21159

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