The Accumulative Swing Index (ASI) indicator for Metatrader 4 is an easy to use tool, developed by J. Welles Wilder to enter the market with great precision.
The ASI indicator swings from -100 to 100.
Positive values (above 0) indicate an upward trending market while negative values (below 0) indicate a downward trading market.
It’s recommended to combine the Accumulative Swing Index indicator with trend-following indicators for better trade entry and exit.
The indicator works on all trading instruments (Forex, CFD stocks, Indices, Cryptocurrencies, Commodities,..).
Indicator Example Chart (EUR/USD H1)
How to trade with it (example)?
Open a buy trade as soon as the blue Accumulative Swing Index line rises back above the 0 neutral value and the underlying trend is clearly up.
Open a sell position as soon as the blue Accumulative Swing Index line falls back below the 0 neutral value and the underlying trend is clearly down.
Exit the trade near previous support or resistance or for a fixed profit target of your preference.
Feel free to use your own favorite trading method to open and close trades with the Accumulative Swing Index (ASI) indicator.
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: T period, color settings & style
Indicator type: predictive oscillator
Repaint? Does not repaint the blue signal line.
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the accumulative-swing-index.mq4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
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 button in the chart with the indicator attached onto it.
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.