Business, Legal & Accounting Glossary
The Accumulation Swing Index is a cumulative total of the Swing Index. The Accumulation Swing Index was developed by Welles Wilder. Wilder noted the following characteristics of the Accumulation Swing Index:
The Accumulation Swing Index attempts to show the “real market” because it closely resembles prices themselves. The ASI attempts to provide an indication of the real strength and direction of a price trend by providing a single indicator line which can be analyzed for support and resistance lines just like a basic price chart. If the long-term price trend is up, the ASI will be positive. If the long-term price trend is down, the ASI will be negative. If the long-term price trend is oscillatory, the ASI will fluctuate from plus to minus. A typical analysis involves looking for breakouts, new highs and lows, and divergences.
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This glossary post was last updated: 25th March, 2020