LazyBear

Indicators: AccSwingIndex, ASI Oscillator and RangeExpansionInde

Accumulation Swing Index
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ASI is a cumulative sum of swing index , developed by Wilder. ASI attemps to show the "real market" by quantifying price. This allows the use of classic support/resistance analysis on the index itself. Typical analysis involves looking for breakouts, new highs and lows, and divergences.

Wilder notes the following characteristics of the Accumulation Swing Index:
- It provides a numerical value that quantifies price swings.
- It defines short-term swing points.
- It indicates the real strength and direction of the market.

Use this for confirmation on S/R breaks, levels et al.

More Info:
- http://www.onlinetradingconcepts.com/Tec...
- http://www.investopedia.com/articles/tec...

ASI Oscillator
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I converted the ASI in to an oscillator. Advantage over plain ASI is it points out clearly the accumulation drops (distribution) and divergences. Disadvantage is you won't be able to do normal S/R, channel analysis.

More info:
Since this is my own concoction, there is no published theory. Try this out to find out its usecases/nuances :)

Range Expansion Index
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Developed by Tom Demark (first discussed in his book "New Science of Technical Analysis"), this indicator plots the relation between the sum of strong price changes to all price changes for any given period.

Excellent discussion on setups using REI:
http://www.trading-naked.com/mb-range-ex...

More info:
http://en.wikipedia.org/wiki/Range_expan...

List of my free indicators: http://bit.ly/1LQaPK8
List of my indicators at Appstore: http://blog.tradingview.com/?p=970
نص برمجي مفتوح المصدر

قام مؤلف هذا النص البرمجي بنشره وجعله مفتوح المصدر، بحيث يمكن للمتداولين فهمه والتحقق منه، وهو الأمر الذي يدخل ضمن قيم TradingView. تحياتنا للمؤلف! يمكنك استخدامه مجانًا، ولكن إعادة استخدام هذا الكود في منشور تحكمه قواعد الموقع. يمكنك جعله مفضلاً لاستخدامه على الرسم البياني.

هل تريد استخدام هذا النص البرمجي على الرسم البياني؟
//
// @author LazyBear
// If you use this code in its orignal/modified form, do drop me a note. 
//
study("Accumulation Swing Index [LazyBear]", shorttitle="ASI_LB")
limit = input(30, "Limit")
lengthMA=input(8, "SMA Length")
showMA=input(true, type=bool)

swingindex( limit ) =>
    r1 = abs( high - close[1] )
    r2 = abs( low - close[1] )
    r3 = abs( high - low )
    r4 = abs( close[1] - open[1] )
    k = max( r1, r2 )
    r = iff( r1 >= max( r2, r3 ), r1 - r2/2 + r4/4,
        iff( r2 >= max( r1, r3 ), r2 - r1/2 + r4/4,
            r3 + r4/4 ) )
    iff( r == 0, 0, 50 * ( ( close - close[1] + 0.5 * ( close - open ) + 0.25 * ( close[1] - open[1] ) ) / r ) * k/limit )

calc_asi( limit ) => 
    cum( swingindex( limit ) )

asi=calc_asi( limit )
s=sma(asi,lengthMA)

plot(asi , color=red, linewidth=2)
plot(showMA?sma(asi, lengthMA):na, color=teal)