StockFetcher Forums · General Discussion · new indicator request - Accumulation Swing Index<< >>Post Follow-up
Kevin_in_GA
4,548 posts
msg #96055
Ignore Kevin_in_GA
9/7/2010 12:10:41 PM

From Welles Wilder. Any chance of having this added to the SF indicator too kit?

I figure since you gave us the divergence and correlation functions, you might be willing to do this one as well??

Thanks!

Kevin_in_GA
4,548 posts
msg #96261
Ignore Kevin_in_GA
9/14/2010 5:58:21 PM

Still here, still hoping!

stockfetcher
963 posts
msg #96276
9/15/2010 3:27:07 PM

Hi,

Please let us know if you run into any issues, or have any questions with this measure:

Accumulation Swing Index (ASI)

StockFetcher.com Support


Kevin_in_GA
4,548 posts
msg #96278
Ignore Kevin_in_GA
9/15/2010 4:12:58 PM

Awesome (as always)! Many Thanks!

fortyfour
185 posts
msg #96279
Ignore fortyfour
9/15/2010 5:32:32 PM

To spot a new trend.......?


Fetcher[count( Accumulation Swing Index reached a new 3 month high ,60) is between 0 and 2
Accumulation Swing Index reached a new 3 month high
close > 10
avg vol(90) > 1000000
]




Kevin_in_GA
4,548 posts
msg #96281
Ignore Kevin_in_GA
9/15/2010 9:32:08 PM

Can this also be used with the Divergence functions?

Eman93
4,659 posts
msg #96290
Ignore Eman93
9/16/2010 1:46:12 AM

Accumulative Swing Index And The McClellan Oscillator
by Investopedia Staff, (Investopedia.com) (Contact Author | Biography)

The accumulation swing index (ASI) is a variation of Welles Wilder's swing index. It plots a running total of the swing index value of each bar. The swing index is a value from 0 to 100 for an up bar and 0 to -100 for a down bar. The swing index is calculated by using the current bar's open, high, low and close, as well as the previous bar's open and close. The swing index is a popular tool in the futures market.

The accumulative swing index is used to gain a better long-term picture than using the plain swing index, which uses data from only two bars. If the long-term trend is up, the accumulative swing index is a positive value. Conversely, if the long-term trend is down, the accumulative swing index is a negative value. If the long-term trend is sideways (non-trending), the accumulative swing index fluctuates between positive and negative values. This indicator is used to analyze futures but can be applied to stocks as well.

ASI will give the technician numerical price swings that are value quantified, and it will show short-term trend turnarounds. Metastock explains it best:

"A breakout is indicated when the accumulative swing index exceeds its value on the day when a previous significant high swing point was made. A downside breakout is indicated when the value of the accumulative swing index drops below its value on a day when a previous significant low swing point was made."

You can confirm trendline breakouts by comparing trendlines on the ASI to trendlines on the price chart. A false breakout is indicated when a trendline drawn on the price chart is penetrated but a similar trendline drawn on the accumulative swing index is not penetrated

Eman93
4,659 posts
msg #96291
Ignore Eman93
9/16/2010 1:57:36 AM

Plots out all most identical to RSI 15

StockFetcher Forums · General Discussion · new indicator request - Accumulation Swing Index<< >>Post Follow-up

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