Absolute Strength Histogram — Universal (MT5)

Absolute Strength Histogram (ASH) visualizes the balance of bull vs bear pressure as a clean, color‑coded histogram. The Universal build adds flexible price sources, multiple smoothing types, optional MTF bias, and alerts for MetaTrader 5.

What it shows

• Bull/Bear components blended into a single histogram — easy trend/momentum read.
• Zero‑line regime: above = bull participation, below = bear; flips flag turns.
• Smoothing & source options to match style and timeframe.
• (Optional) MTF overlay to act with higher‑TF bias.
• Alerts — zero cross, color flip, level touch.

Trade ideas

1. Regime + pullback: take longs when ASH above zero and turns green after a pullback; exit on flip.
2. Breakout confirmation: require expanding histogram with price break to avoid thin/false moves.
3. Range fade (flat regime): fade extreme bars back to mid‑zone with price structure.
4. (Optional) Divergence check: if price HH/LL not confirmed by ASH, reduce priority.

Inputs that matter

• Method/periods — core ASH calculation & smoothing.
• Price source — close/median/typical/HL2, etc.
• Levels — zero and OB/OS style bands.
• MTF timeframe (optional).
• Alerts — cross, flip, level.

Suggested usage

• M5–M15: pullbacks with zero‑line filter.
• M30–H4: trend re‑entries and continuation.
• Daily+: participation‑aware momentum regime.

Installation (MT5)

1. Open MetaTrader 5 → File → Open Data Folder.
2. Copy ASH.ex5 to MQL5/Indicators.
3. Restart MT5 (or refresh Navigator) and attach Absolute Strength Histogram — Universal.
4. Tweak inputs → OK.

FAQ

Does it repaint? No on closed bars.
Use in EAs? Yes, via iCustom.
Markets? FX, indices, metals, crypto — anything on MT5.

Disclaimer: Test on a demo account first; risk management is essential.