28 forex pairs atr

ASI has positive value — uptrend. ASI has negative value — downtrend. ASI trend line 28 forex pairs atr — validates a breakout on the price chart.

Welles Wilder, the creator of ASI indicator said, “Somewhere amidst the maze of Open, High, Low and Close prices is a phantom line that is the real market. The Accumulation Swing Index shows this phantom line – the line of the real market. The Accumulative Swing Index uses a scale from 0 to 100 for an up trend and 0 to -100 for a down trend. Accumulative Swing Index is widely used to confirm or deny trend lines breakouts on Forex charts.

Welles Wilder, developer of Accumulative Swing Index indicator, describes in his book “New Concepts in Technical Trading Systems” why ASI can be used for trend line breakout confirmations. When the Index is plotted on the same chart as the daily bar chart, trend lines drawn on the ASI can be compared to trend lines drawn on the bar chart. For those who know how to draw meaningful trend lines, the ASI can be a good tool to confirm trend-line breakouts. Often erroneous breaking of trend lines drawn on bar charts will not be confirmed by the trend lines drawn on the ASI. Signal Buy with ASI occurs when indicator exceeds its previous Swing High. Signal Sell occurs when ASI dips below its previous Swing Low.

I use trade station and have to have have data inputs. What do you suggest since there are no inputs listed on the charts for reference. Yes, there are no inputs for this indicator settings, therefore you may use whatever trading station gives you – predefined settings. I know, but that’s the only one I have for MT4 so far.

4 but how i can run that prog! What a fantastic indicator and this is the only place I have found it! D but, is slightly less erratic. I place an 8 ema of the ASI in the same window. An ASI is below the EMA confirms a sell. This can be used in 15,30 and 1 hour timeframe? Can this to be used with a combination of trendlines too?