Absolute Strength Oscillator trend-following indicator. Based on the forces of bulls and bears, the indicator displays the current market trend.

There are five inputs:

  • Period - calculation period

  • Smoothing - smoothing period

  • Mode - calculation mode

  • RSI

  • Stochastic

  • Method - calculation method

  • Applied price

Calculation:

BullsStrength = MA(AvgBulls, Smoothing, Method)
BearsStrength = MA(AvgBears, Smoothing, Method)

where:

AvgBulls = MA(Bulls, Period, Method)
AvgBears = MA(Bears, Period, Method)

Bulls = Price - Min
Bears = Max - Price

Price - Applied price
Min, Max - the highest and lowest prices within the Period interval

Fig. 1. ASO mode of RSI

Fig. 2. ASO mode of Stochastic