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Accumulation
Swing Index
Description
The Accumulation
Swing Index is a cumulative total of the Swing
Index. Step-by-step
instructions on calculating the Swing Index are
provided in Wilder's book, New Concepts In
Technical Trading Systems for more information
on the Accumulation Swing Index's parameters.
Interpretation
A
breakout is indicated when the Accumulation Swing
Index exceeds its value on the day when a previous
significant high swing point was made.
A downside breakout is indicated when the
value of the Accumulation Swing Index drops below
its value on a day when a previous significant low
swing point was made.
You
can confirm trendline breakouts by comparing
trendlines on the Accumulation Swing Index to
trendlines on the price chart.
A false breakout is indicated when a
trendline drawn on a price chart is penetrated,
but a similar trendline drawn on the Accumulation
Swing Index is not penetrated. |
