Fig 1. Combined Mode

ASO – indicator MetaTrader 5

by

Indicator ASO (Average Sentiment Oscillator) displays the general market climate.

It has four configurable parameters:

  • Range period – range calculation period;
  • Smoothing period – oscillator smoothing period;
  • Method – smoothing method;
  • Mode – calculation mode:
    • Combined – combined mode;
    • Intra-bar – intra-bar mode;
    • Group algorithm – group algorithm mode.

Calculations:

Bulls = MA(BL, Smoothing period, Method)
Bears = MA(BR, Smoothing period, Method)

where:

Combined Mode:

BL = (IBL+GBL)/2
BR = (IBR+GBR)/2

Intra-bar Mode:

BL = IBL
BR = IBR

Group Algorithm Mode:

BL = GBL
BR = GBR
IBL = 50 * (Close - Low + High - Open)/(High - Low)
IBR = 50 * (High - Close + Open - Low)/(High - Low)
GBL = 50*(Close - GL + GH - GO)/(GH - GL)
GBR = 50*(GH - Close + GO - GL)/(GH - GL)
  • GO – Open within Range period;
  • GL -minimum value of High within Range period;
  • GH – maximum value of Low within Range period.
Alternative:  After Testing - Analysis of Operations - indicator MetaTrader 5

Fig 1. Combined Mode

Fig 1. Combined Mode

Fig. 2. Intra-bar Mode

Fig. 2. Intra-bar Mode

Fig. 2. Group Algorithm Mode

Fig. 2. Group Algorithm Mode


ASO – indicator MetaTrader 5
📈 ROBOTFX MetaTrader Expert Advisors and Indicators to maximize profits and minimize the risks

Similar MetaTrader Trading Tools: