accum_swing_index
Function Name: accum_swing_index
Tags: None
Category: Momentum
The Accumulation Swing Index is a cumulative total of the Swing Index of each trading day over time. The Swing Index is a value from 0 to 100 for an up bar and 0 to -100 for a down bar. It uses the Open, High, Low and Close prices of a two-day market period in an attempt to identify market direction, and in turn, to identify realistic market swings.
The Accumulative Swing Index is used to give a better long-term picture than the Swing Index. If the long-term trend is up, the Accumulative Swing Index is a positive value, and if the long-term trend is down, the Accumulative Swing Index is a negative value. If the long-term trend is sideways (non-trending), the Accumulative Swing Index fluctuates between positive and negative values.
This indicator is primarily used to analyze futures but can be applied to stocks as well.
Author: Wells Wilder
Link: http://www.investopedia.com/articles/technical/02/100702.asp
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Default Value: 3 | Minimum: -100 | Maximum: 20000 |
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Type: Numeric |