Absolute Strength Histogram (ASH)

Category: momentum

Absolute Strength Histogram (ASH) measures the difference between smoothed bullish and bearish components based on either RSI or Stochastic calculation modes.

Formula

ASH = \frac{MA(Smoothing, Bulls) - MA(Smoothing, Bears)}{Point()} \\ \text{RSI Mode: Bulls} = \max(0, P_t - P_{t-1}), \text{Bears} = \max(0, P_{t-1} - P_t) \\ \text{Stochastic Mode: Bulls} = P_t - LL(n), \text{Bears} = HH(n) - P_t

Inputs

• InpPeriod (default: 9)
• InpPeriodSm (default: 2)
• InpMode (default: MODE_RSI)
• InpMethod (default: MODE_SMA)
• InpAppliedPrice (default: PRICE_CLOSE)

See signal primitives and every published strategy that uses Absolute Strength Histogram (ASH) on WOBR StrategyVerse.