Aroon Oscillator Metatrader 4 Indicator

The Aroon Oscillator indicator for Metatrader 4 oscillates between +100 and -100 . It provides buy and sell signals based on the Aroon formula (Aroon Up – Aroon Down).

Trading signals: Bullish – Buy at the green dots. Bearish – Sell at the red dots.

General Assumptions:

• Price bullish above the zero line.
• Price bearish below the zero line.
• Strong uptrend above +50
• Strong downtrend below -50

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Download the Aroon Oscillator Metatrader 4 indicator.

EUR/USD Daily Chart Example