Absolute Strength Averages (MT5)

Absolute Strength Averages (ASA) measures bull vs. bear pressure using averaged strength components. It visualizes who’s in control (buyers or sellers), when momentum flips, and where pullbacks are likely to resume, all inside MetaTrader 5.

What it shows

• Bull line vs Bear line — dominance and crossovers.
• Slope/height — strength acceleration vs. exhaustion.
• (Optional) Histogram/markers for faster regime reading.

Trade ideas

1. Crossover regime: go with the side on top (Bull > Bear = long bias; Bear > Bull = short bias).
2. Pullback resume: after a trend push, re‑enter when the weaker line flattens and the dominant line hooks back.
3. Exhaustion: shrinking heights after an extended run → scale out or tighten stops.
4. (Optional) Divergence: price makes a new extreme but ASA doesn’t — caution, seek confirmation.

Inputs that matter

• Averaging length/method — responsiveness vs. smoothness.
• Price source — Close/Typical/Weighted, etc.
• Signal smoothing — reduces noise on crosses.
• Alerts — crossovers, zero‑line/level, slope flip.
• Colors/widths — immediate readability.

Suggested usage

• M5–M15: intraday regime and pullback timing.
• M30–H4: swing continuations/add‑ons.
• Daily+: portfolio trend filter.

Installation (MT5)

1. Open MetaTrader 5 → File → Open Data Folder.
2. Copy absolute-strength-averages.ex5 to MQL5/Indicators.
3. Restart MT5 (or refresh Navigator) and attach Absolute Strength Averages.
4. Tweak inputs → OK.

FAQ

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

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