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Accumulation Swing Index Forex Indicator (MT5)

The Accumulation Swing Index (ASI) indicator for Metatrader 5 is used to get a better idea of the longer-term trend in the Forex market.

The ASI indicator appears as a blue colored line in a bottom window of the MT5 trading platform.

Key points:

  • A rising ASI line signals a rising trend.
  • A declining ASI line signals a declining trend.

The Accumulation Swing Index indicator delivers the best results when combined with an existing trading strategy or system.

The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.

Free Download:

Download the “accumulation-swing-index.mq5” indicator for MT5

Indicator Example Chart (EUR/USD H1)

The picture below shows the Accumulation Swing Index (ASI) indicator in action on the MT5 trading chart.

After you downloaded and installed the indicator on the MT5 trading platform, it should look like the image as shown above.

Trading Tips:

Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Accumulation Swing Index (ASI) Forex indicator.

As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.

Please note that even the best trading indicator cannot yield a 100% win rate over long periods.

Indicator Specifications & Inputs:

Trading Platform: Developed for Metatrader 5 (MT5)

Trading Instruments: Works for Forex, Stocks, Commodities, Equity Indices, Precious Metals, Energies and Shares

Time frames: Works for any time frame

Trade Style: Works for scalping, day trading and swing trading

Input Parameters: Variable (inputs tab), color settings & style

Indicator type: Oscillator

Does the indicator repaint? No.

Download Now:

Download the “accumulation-swing-index.mq5” indicator for Metatrader 5

How to install this indicator on Metatrader 5?

Open the Metatrader 5 platform

From the top menu, click on “File”

Then click on “Open Data Folder”

Then double click with your mouse button on “MQL5”

Now double click on “Indicators”

Paste the accumulation-swing-index.mq5 indicator in the Indicators folder.

Finally restart the MT5 platform and attach the indicator to any chart.

How to remove the indicator?

Right click with your mouse on the chart that you have the indicator attached to.

Select “Indicator List” from the drop down menu.

Select the indicator and press delete.

How to edit the indicator’s inputs and parameters?

Right click with your mouse on the chart that you have the indicator attached to.

From the drop down menu, click on indicators list.

Select the indicator from the list and press edit.

Now you can edit the indicator.

Finally, press the OK button to save the updated configuration.