as h
Info
The as h is a Indicator for MetaTrader 5 that absolute strength histogram trend-following indicator. the indicator displays the difference between bulls and bear power of the indicator as a histogramthere are five inputs:period - aso calculation periodsmoothing - aso smoothing periodmode - aso calculation modersi stochastic method - aso calculation methodapplied price- aso calculation price calculation:where:bullsstrength = ma(avgbulls, smoothing, method)bearsstrength = ma(avgbears, smoothing, method)avgbulls = ma(bulls, period, method)avgbears = ma(bears, period, method)bulls = price - minbears = max - pricefig.
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 as h
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
absolute strength histogram trend-following indicator.
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: Quantora Account Health Monitor MT5: Professional Account Health and Risk Monitoring - another powerful indicator for MetaTrader 5 traders.
Also recommended: Quantora Trading Session Monitor MT5: Professional Market Session and Activity Analysis - similar indicator with strong performance on MetaTrader 5.
absolute strength histogram trend-following indicator.the indicator displays the difference between bulls and bear power of the indicator as a histogram
there are five inputs:
period
- aso calculation period
smoothing
- aso smoothing period
mode
- aso calculation mode
rsi
stochastic
method
- aso calculation method
applied price
- aso calculation price
calculation:
where:
bullsstrength = ma(avgbulls, smoothing, method)bearsstrength = ma(avgbears, smoothing, method)
avgbulls = ma(bulls, period, method)avgbears = ma(bears, period, method)
bulls = price - minbears = max - price
fig. 1. ash mode of rsi
fig. 2. ash mode of stochastic
fig. 3. ash + aso
You may also like: Quantora Symbol Information Dashboard MT5 - Professional Symbol and Trading Specifications Panel - excellent alternative for indicator users on MetaTrader 5.
Source Code
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⚠ 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.