Identifies ends of trends, highlighting transitions and reversals i=on any time frame.
The oscilator rapidly discovers the end of the price trend and the beginning of the price movement in a horizontal interval and reverse. The Aroon Oscillator is calculated as a difference between the Aroon Up and the Aroon Down. The strongly rising trend is expected when the value of the Aroon Oscillator is between 40 and 100. The intense descending trend can be expected when the Aroon Oscillator keeps its values between -40 and -100.
A simple and clear decision making while working with the Aroon Oscillator is: buy when the oscillator moves from the negative region to the positive one, sell in the opposite situation.
MT4 Indicators – Download Instructions
Aroon Oscillator is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
Aroon Oscillator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install Aroon Oscillator.mq4?
- Download Aroon Oscillator.mq4
- Copy Aroon Oscillator.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on Aroon Oscillator.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator Aroon Oscillator.mq4 is available on your Chart
How to remove Aroon Oscillator.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete