ASO - MetaTrader 5 Script - MQL5 #21428 | Forex Indicator Download - MT4/MT5 Resources
Absolute Strength Oscillator Trend Following Indicator. This indicator shows the current market trend based on the strength of bulls and bears.
There are five inputs:
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 - application price minimum, maximum - the highest and lowest price within the period interval
Figure 1 ASO pattern of RSI
Figure 2. Random ASO pattern
Attachment download
📎 aso.mq5 (19.14 KB)
Source: MQL5 #21428
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