Accumulation swing index
From Financial Literacy Wiki
Accumulation Swing Index is a technical indicator that can provide the following:
- A measurable value that quantifies price swings
- Defines short-term swing points
- It uses the high, low and closing price to indicate the stregnth and direction of the market
The formula of Accumulation swing index is as follows:
Current Period Accumulation Swing Index = Previous Period Accumulation Swing Index + Current Period Swing index
This technical indicator creates reference lines of its own where when the Accumulation Swing Index breakout its own reference lines, gives more certainty to the reversal in price trends.
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