Asset Strength Index <DOSALGO>

8월 22일

The Asset Strength Index (ASI) is a comprehensive dashboard indicator designed to provide traders with a broader perspective on market dynamics. Instead of viewing an asset in isolation, the ASI measures its relative strength against a basket of key global assets: Bonds, Gold, and the US Dollar.

This tool is built to give you an immediate, visual understanding of how the asset you are charting is performing in the context of the wider financial landscape. The analysis is presented across three distinct time horizons—Short-Term, Medium-Term, and Long-Term—allowing for a nuanced view of performance.

How It Can Be Useful

The core purpose of the ASI is to serve as a contextual analysis tool. By understanding an asset's strength or weakness relative to others, traders can gain valuable insights that may not be apparent from price action alone.

Inter-Market Confirmation: Use the dashboard to confirm your trading ideas. For example, a bullish outlook on a stock index could be strengthened if it shows increasing strength against safe-haven assets like Gold and Bonds.

Risk Sentiment Barometer: Gauge the prevailing risk-on or risk-off sentiment. If the US Dollar and Bonds are showing strength while your asset is weakening, it could indicate a broader market shift towards safety.

Multi-Term Perspective: Quickly assess if short-term movements are aligned with the longer-term trend. A short-term dip might be less concerning if the asset's long-term relative strength remains high.

How to Use It

The ASI dashboard is displayed directly on your chart. The values are presented as percentages, indicating the relative strength for each term.

Monitor the Readings: Observe the percentage values in the "S. Term," "M. Term," and "L. Term" columns. Positive values suggest relative strength, while negative values indicate relative weakness.

Look for Trends: The arrows (▲ or ▼) next to the percentage show the most recent change, helping you spot developing trends in relative strength.

Combine with Your Strategy: The ASI is not a standalone signal generator. It is most effective when used to supplement your existing trading system, helping you make more informed decisions by adding a layer of sophisticated, inter-market analysis.

The dashboard's appearance is fully customizable, allowing you to adjust its position, size, and colors to fit your chart layout.

Disclaimer

The Asset Strength Index (ASI) is a tool for market analysis and should not be considered financial advice. All trading involves risk, and past performance is not indicative of future results. Always use this indicator in conjunction with your own comprehensive trading plan and risk management strategy.

8월 22일

릴리즈 노트

Added alert and updated the percentage logic.

9월 7일

릴리즈 노트

Updated the Indicator label.

4일 전

릴리즈 노트

Updated the indicator title