Accumulative Swing Index (ASI)
Info
The Accumulative Swing Index (ASI) is a Indicator for MetaTrader 5 that metaquotesthe accumulative swing index (asi) indicator constructs an accumulative swing index, which is a cumulative total of swing index values. This indicator draws an 'actual' market line, revealing market relative strength and trend.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Accumulative Swing Index (ASI)
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
MetaQuotesThe Accumulative Swing Index (ASI) indicator constructs an accumulative swing index, which is a cumulative total of swing index values.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Market Structure BOS and CHoCH Indicator: Swing Points, No Repaint, Alerts - another powerful indicator for MetaTrader 5 traders.
MetaQuotesAlso recommended: Market Structure from Pullback Swings -- BOS, CHoCH, IDM - similar indicator with strong performance on MetaTrader 5.
The Accumulative Swing Index (ASI) indicator constructs an accumulative swing index, which is a cumulative total of swing index values. This indicator draws an 'actual' market line, revealing market relative strength and trend. Support and resistance lines are plotted on the chart, and their breakdown is interpreted as a signal.
The ASI indicator was first introduced in MQL4 and made available on February 7, 2026. It has since become a valuable tool for traders and analysts, providing insights into market trends and potential signals.
Fig.1. ASI Indicator
You may also like: Session Levels Indicator: Asian Range, PDH/PDL, VWAP, Swings, and Round Numbers - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property indicator_separate_window
#property indicator_buffers 1
#property indicator_plots 1
#property indicator_type1 draw_line
#property indicator_color1 clrcoral
#property indicator_style1 style_solid
#property indicator_width1 1.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.