Description
The Accumulation Swing Index is a study calculated as a cumulative total of the Swing Index with a specified limit move. This study is considered a more powerful tool for analyzing long-term trends than the Swing Index itself. If the long-term uptrend is observed, the accumulative swing index is represented by a positive value. Conversely, in case of long-term downtrend, the accumulative swing index is negative. If the long-term trend is sideways, the accumulative swing index fluctuates between positive and negative values.
Input Parameters
| Parameter | Description |
|---|---|
limit move
|
The limit move for a security. |
Plots
| Plot | Description |
|---|---|
ASI
|
The Accumulation Swing Index. |
ZeroLine
|
Zero level. |
Example*
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.
Past performance is no guarantee of future performance.