ASH - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources

Absolute Strength Histogram Trend Following Indicator.

This indicator shows the difference between bull and short power Absolute Strength Oscillator (ASO) indicator as a histogram

There are five inputs:

 ASH = Bull Strength - Bear Strength
BullsStrength = MA(AvgBulls, smooth, method)
 BearsStrength = MA(AvgBears, smooth, method)
AvgBulls = MA(bull market, cycle, method)
 AvgBears = MA(bears, cycle, method)
Long = Price - Minimum Short = Maximum - Price
Price - App price
 Min, Max - the highest and lowest price within the period interval

Figure 1 ASH mode of RSI

Figure 2. Stochastic’s ASH model

Figure 3. ASH + ASO

Attachment download
 📎 ash.mq5 (18.81 KB)
 Source: MQL5 #21429