About the Indicator
This free MT4 indicator combines the Current Swing Index (CSI) and Accumulative Swing Index (ASI) into a single oscillator window.
It oscillates around the zero line, showing momentum shifts clearly and in real time.
Use it to spot trend direction: a move above zero signals bullish momentum; below zero indicates bearish control. It suits scalping, day trading, and swing styles and works on any pair or timeframe.
Simple Trade Logic:
- Initiate a buy trade as soon as the indicator crosses the 0.00 neutral level upwards.
- Initiate a sell trade as soon as the indicator crosses the 0.00 neutral level downwards.
Free Download
Download the “current-and-accumulative-swing-index.mq4” indicator for MT4
Key Features
- Dual readings: Current Swing Index + Accumulative Swing Index oscillator.
- Zero-line crossings for intuitive entry signals.
- Works on any currency pair and timeframe.
- Non-repainting indicator—trustworthy for real-time decisions.
Indicator Example Chart (EUR/USD H1)
The example chart below displays the Current and Accumulative Swing Index MT4 indicator in action on the trading chart.
How To Trade Using This Indicator
Entry Rules
Go long when the CSI crosses above zero and the ASI is rising. Go short when CSI drops below zero and ASI is falling.
Stop Loss & Take Profit
Set stop loss around the last swing high/low or use 1×ATR for dynamic risk.
Consider exiting when momentum fades (e.g., CSI reverses).
Alternatively, use a fixed pip target or wait for a reverse signal.
Download Now
Download the “current-and-accumulative-swing-index.mq4” indicator for Metatrader 4
Forex Strategy: Current and Accumulative Swing Index + Slope Arrow Signals
What This Strategy Is About
This strategy combines the Current and Accumulative Swing Index Forex Indicator (MT4) with the Slope Arrow Signals Indicator.
The Swing Index indicator measures market momentum and trend strength by analyzing price swings, while the Slope Arrow Signals provide clear buy and sell arrows based on price slope changes.
By combining these two, traders get a powerful system that identifies trending markets and confirms entry points with visual signals, helping to filter out false moves and increase trade accuracy.
Buy Rules
- The Current Swing Index crosses above zero, and the Accumulative Swing Index is rising, indicating bullish momentum.
- The Slope Arrow Signals indicator displays a blue (buy) arrow on the chart.
- Enter a long position at the close of the signal candle.
- Place a stop loss below the recent swing low.
- Take profit can be set at a fixed pip target or when a sell signal appears.
Sell Rules
- The Current Swing Index crosses below zero, and the Accumulative Swing Index is falling, signaling bearish momentum.
- The Slope Arrow Signals indicator displays a magenta (sell) arrow on the chart.
- Enter a short position at the close of the signal candle.
- Place a stop loss above the recent swing high.
- Exit the trade when a buy arrow appears or when reaching the profit target.
Trader Case Studies
Below are three examples of traders who applied this strategy to different currency pairs and timeframes, showing how it can work in various market conditions.
Alice P – UK
Alice P, a swing trader from London, used this method on the GBP/JPY 4-hour chart. She followed the indicator signals closely and captured a total of +140 pips over a 5-day trading period.
Daniel M – New Zealand
Daniel M, a day trader from Wellington, New Zealand, applied the strategy on the NZD/USD 1-hour chart. He achieved consistent entries and exits, earning +75 pips in just 14 hours of trading.
Sofia R – South America
Sofia R, a part-time trader from Buenos Aires, focused on the EUR/GBP daily chart. By patiently following both indicators, she gained a steady +85 pips over five days.
Disclaimer: These case studies are for educational purposes only. Trading results will vary depending on market conditions, risk management, and individual discipline.
Advantages
- Combines momentum and trend confirmation to reduce false signals.
- Clear visual buy and sell arrows make entries straightforward.
- Applicable to multiple timeframes and currency pairs.
- Helps identify and trade trending markets effectively.
Drawbacks
- Less effective during sideways or choppy market conditions.
- Signals may lag slightly in fast-moving markets.
- Requires discipline to wait for confirmation from both indicators.
Conclusion and Tips
This strategy leverages the strengths of both the Current and Accumulative Swing Index and the Slope Arrow Signals.
By trading only when both indicators align, traders can increase the accuracy of their entries and improve risk management.
For best results, use this strategy during active market sessions such as London and New York.
Always combine it with solid money management rules.
Indicator Specifications
| Platform | MT4 |
|---|---|
| Currencies | Any Forex pair |
| Timeframes | All (scalping to swing) |
| Type | Oscillator (CSI + ASI) |
| Repainting? | No |
| Inputs | Standard input params (colors, styles, lookback); customizable via MT4 inputs tab |
| Download | Free “current-and-accumulative-swing-index.mq4” |
FAQ
1) When is this indicator most effective?
Use it during London or New York sessions for crisp momentum signals. It can lag in choppy conditions, so pair it with trend confirmation.
2) Should I trade on CSI alone, or wait for both indexes?
Better to wait for both: CSI crossing zero shows immediate momentum; ASI trend confirms strength. This alignment reduces false entries.
3) How do I avoid false signals during ranging markets?
Combine with moving averages (e.g., EMA200) or price action filters. Only take CSI/ASI signals aligned with the breakout or trend to avoid noise.
4) Can I build a strategy around this?
Yes — for example, require CSI crossover above zero, ASI trending upward, and price above EMA200 before entering long. Use a stop behind the recent swing and trail with momentum fading.
5) What’s a simple exit plan?
Exit when CSI closes back below zero, when ASI flattens, or when price hits your risk-reward target (2R or 3R). Trail stops using ATR to capture extended trends.
Conclusion
The Current & Accumulative Swing Index indicator gives you a dual-perspective on momentum: short-term shifts (CSI) and underlying trend (ASI).
For high-probability entries, trade only when both points to the same direction and are aligned with your trend filter.
Enhance results by overlaying EMA200 or SuperTrend as trend filters.
Journaling threshold behavior in different session/pair combos helps refine your edge.
Download it free and start building your momentum-based strategy.
