Absolute Strength Oscillator

Overview The Absolute strength histogram oscillator works as a histogram and is used to plot the absolute strength of the price action in a histogram format. The indicator is used to determine the absolute strength of the chart that it is applied to. The indicator sits below the chart and combines both a histogram and a moving average line. Traders use the absolute strength indicator as a way to determine the strength of the sessions to which it is applied. The indicator automatically shifts and changes depending on the time frame to which it is being applied. In a way, the absolute strength indicator might resemble other histograms such as the awesome oscillator or the MACD as well. But the main difference is that the Absolute strength indicator looks to the price action rather than other indicators. Buy and sell signals are generated based on the strength of the instrument and the way it is, relative to the average that is plotted on the chart. Therefore, the Absolute strength indic