Forex MT4 indicator Aroon Download indicator: Aroon_Up_Down. Aroon indicator is a young one, developed by Tushar The best forex indicators download in 1995. Aroon was created to measure strength of a trend and potentials for its continuation as well as the quality and type of the trend: up-trend, down-trend or sideways moving market. The Aroon indicator scale ranges from 0 to 100.
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25, on some panels — 14. But, it can be changed to, for example, 10-periods for shorter term trades or to 50-periods for longer ones. How to trade using Aroon indicator? As market changes, traders adjust their trading approaches and methods from trend following to tools used during market consolidations. Aroon indicator helps traders to determine when to use a trend following indicators and tools and where to switch to oscillator like tools that work best in consolidating markets. One of the major problems of the aroon indicators is the arbitrary time period.
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