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Accumulative Swing Index
AccumulativeSwingIndex(Limit Move Value)
ASI(Limit Move Value)
Overview
The Accumulation Swing Index (Wilder) is a cumulative total of the Swing Index, which shows comparative price strength within a single security by comparing the current open, high, low, and close prices with previous prices.
Interpretation
The Accumulation Swing Index may be analyzed using technical indicators, line studies, and chart patterns, as an alternative view of price action.
Recommended Parameters
Limit Move Value: 1
Example
set ASI1 = ASI(1)
plot(ASI1, line, red, ASI)