Indicators: Accumulative Swing Index - ASI
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Accumulative Swing Index - ASI:
The Accumulative Swing Index indicator is applied for accumulative swing index construction (Accumulative Swing Index - ASI) which represents cumulative total of swing index values.
Accumulative index draws an "actual" market line revealing market relative strength and trend. Support and resistance lines, breakdown of which is interpreted as an indicator's signal, are drawn on the chart.
Author: Nikolay Kositsin