ASO – indicator MetaTrader 5

Fig 1. Combined Mode
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, … Read more

ASO – indicator MetaTrader 5

ASO - indicator for MetaTrader 5
Absolute Strength Oscillator trend-following indicator. Based on the forces of bulls and bears, the indicator displays the current market trend. There are five inputs: Period – calculation period Smoothing – smoothing period Mode – calculation mode RSI Stochastic Method – calculation method Applied price Calculation: BullsStrength = MA(AvgBulls, Smoothing, Method) BearsStrength = MA(AvgBears, Smoothing, Method) … Read more