The Accumulative Swing Index (ASI) is a useful and popular free Forex indicator for the MT4 platform. It is used to identify markets which are in a trend, and to measure the strength of the trend. The indicator is based on the swing index, which is an oscillator which uses price action to measure the strength of a trend. The ASI combines the swing index with a cumulative sum of the swing index values. This helps to identify the trend and measure its strength. The ASI indicator has three lines which are used to identify the trend and its strength. The first line is the zero line. This is the line which is used to identify whether the market is in an uptrend, a downtrend, or is range-bound. If the ASI line is above the zero line, then the market is in an uptrend. If the ASI line is below the zero line, then the market is in a downtrend. If the ASI line is between the zero line and the -100 line, then the market is range-bound. The second line is the +100 line. This line is used to identify whether the trend is strong or weak. If the ASI line is above the +100 line, then the trend is strong. If the ASI line is below the +100 line, then the trend is weak. The third line is the -100 line. This line is used to identify whether the trend is reversing or not. If the ASI line is below the -100 line, then the trend is reversing. It is a popular free indicator for the MT4 platform, and can be a useful addition to any trader’s toolkit.

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