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Absolute Strength Index Oscillator [LazyBear]

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This oscillator is derived from Absolute Strength Index, originally developed by Tudor Marcelin (Art Invest).

I made it an oscillator mainly to make it easy to identify the divergences and price-flows. There is not much documentation available online for Absolute Strength Index afaik, lets hope Mr.Tudor comes across this and provides us a detailed writeup :)

Quick testing showed lots of good signals (with minimal lag). Let me know what you guys find in your testing.

Indicator options support coloring bars based on the oscillator/signal values, and a histogram-only mode.

List of my public indicators: bit.ly/1LQaPK8
List of my app-store indicators: blog.tradingview.com/?p=970

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.