Quick Summary
Trading with Aroon Oscillator involves the following signals:
Aroon Oscillator line above the zero — suggestion of a bullish market.
Aroon Oscillator line below zero — a bearish market.
The further the Oscillator line is from Zero level, the stronger the trend.
When values are near Zero line, the market is trending nowhere.
Details
The idea behind Aroon Oscillator
Aroon oscillator is based on Aroon Indicator. Aroon Oscillator is a trend-following indicator that illustrates the strength of a current trend and its potentials to last.
How to interpret Aroon indicator
An oscillator that oscillate between -100 and 100.
It oscillates around zero line, defining times when AroonUp and AroonDown lines of Aroon Indicator cross each other.
Aroon Oscillator Formula
Aroon Oscillator = AroonUp - AroonDown.
Aroon Forex charts example
Conclusion
The positive value of Aroon Oscillator indicates an uptrend, while the negative value indicates a downtrend. The higher the absolute value of Aroon Oscillator, the stronger the trend.
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Aroon oscilators is da bomb especialy when used with the macd. 136 pips da day guys.
Richard unn ,nigeria.
I'm using MT4 without Aroon indicator and Oscillator. So, how to set this tools?
Please show me.
Thank you very much
Nguyen from Vietnam
Hi Nguyen,
In your MT4 platform folder go to: Experts -> Indicators
Copy the tro indicators there:
Aroon_Up_Down.mq4
Aroon_Oscillator_v1.mq4
Restart MetaTrader platform.
Now you'll find both indicators in your platform menu:
Insert -> Indicators -> Custom
Good luck!
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