Bullish indicator = [(N periods – N periods from the greatest maximum / N periods] * 100
Bearish indicator = [(N periods – N periods from the lowest minimum) / N periods] * 100
AroonOscillator analysis includes three main signals.
Reaching critical values -100 and +100 indicates a strong downward or upward trend.
Aroon Up = +50 and Aroon Down = -50 levels breakout increasingly or decreasingly respectively indicates beginning of a trend.
Oscillator position between Aroon Up = +50 and Aroon Down = -50 levels indicates a weak trend or its complete absence.
Aroon Oscillator - indicator MetaTrader 5 This is a conventional Aroon Oscillator, with most visual and simple interpretation. Aroon Oscillator - indicator MetaTrader 5
Swami Aroon - indicator MetaTrader 5 Basics: John Ehlers was promoting Swami charts for some time. What was made on MetaTrader (and wasn't in the original…
