The Accumulative Swing Index (ASI) is a useful and popular free Forex indicator for the MT4 platform. It is used to identify markets which are in a trend, and to measure the strength of the trend. The indicator is based on the swing index, which is an oscillator which uses price action to measure the strength of a trend. The ASI combines the swing index with a cumulative sum of the swing index values. This helps to identify the trend and measure its strength. The ASI indicator has three lines which are used to identify the trend and its strength. The first line is the zero line. This is the line which is used to identify whether the market is in an uptrend, a downtrend, or is range-bound. If the ASI line is above the zero line, then the market is in an uptrend. If the ASI line is below the zero line, then the market is in a downtrend. If the ASI line is between the zero line and the -100 line, then the market is range-bound. The second line is the +100 line. This line is used to identify whether the trend is strong or weak. If the ASI line is above the +100 line, then the trend is strong. If the ASI line is below the +100 line, then the trend is weak. The third line is the -100 line. This line is used to identify whether the trend is reversing or not. If the ASI line is below the -100 line, then the trend is reversing. It is a popular free indicator for the MT4 platform, and can be a useful addition to any trader’s toolkit.
MT4
Accumulative Swing Index
The Accumulative Swing Index (ASI) is a useful and popular Forex indicator for MT4. It works by measuring the difference between the current price and the previous price, and then combining that data with the volume of the current bar. It is also useful for identifying potential reversals and breakouts.
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How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
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