Accumulative Swing Index as A Verification Tool:
Within the chart shown below, the Accumulative Swing Index confirmed Gold's downtrend. Subsequently, whenever Gold broke the trendline that is downward the Accumulative Swing Index confirmed the trendline break also.
Likewise, the move that is upward the Gold futures contract had been verified by the Accumulative Swing Index additionally the upward trendline break was verified too.
Buy Signal - Accumulative Swing Index
Buy whenever Accumulative Swing Index breaks above a trendline that is downward, in a price consolidation period, above opposition.
Sell Signal - Accumulative Swing Index
Sell when the Accumulative Swing Index breaks below an trendline that is upward, in a cost consolidation period, below help.
In conclusion, the Accumulative Swing Index is best utilized as a confirmation device with other technical indicators and habits which are charting.
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