MT4 Absolute Strength 1.0

The Absolute Strength Indicator (ASI) is a popular and free MT5 forex indicator that is useful for traders who want to measure the strength of a currency pair. The ASI indicator is based on the average of the absolute price movements of a currency pair over a specified period of time. It takes into account both the magnitude and the direction of the price movements. The indicator is usually displayed as a histogram, with green bars representing positive price movements and red bars representing negative price movements. The ASI indicator is used to identify potential trend reversals in the market. By looking at the indicator, traders can gauge the strength of a currency pair and determine if it is likely to continue in the same direction or if it is likely to reverse. If the indicator is showing a strong positive trend, it could indicate that the currency pair is likely to continue in the same direction. However, if the indicator is showing a strong negative trend, it could indicate that the currency pair is likely to reverse. The indicator is easy to use and can help traders identify potential trend reversals and entry and exit points in the market.