Accumulation Swing Index

The Accumulation Swing Index corresponds to the cumulative sum of the Swing Index indicator.
It was developed by J. Welles Wilder Jr and detailed in his book New Concepts in Technical Trading Systems.

Example

Interpretation

Like most accumulation indicators, the Accumulation Swing Index attempts to interpret market intentions. According to Wilder, "somewhere between the open, the high, the low, and the close lies a fictional line that is the true market". The Accumulation Swing Index tries to show this fictional line.