Aroon

Aroon – indicator MetaTrader 5

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Aroon Indicator
Real author: Tushar Chande Aroon indicator was developed by Tushar S. Chande, CEO of the “Tuscarora Capital Management” company and the author of the books “The New Technical Trader: Boost Your Profit by Plugging into the Latest Indicators” and “Beyond Technical Analysis: How to Develop and Implement a Winning Trading System” in 1995 to determine … Read more

Aroon Oscillator – indicator MetaTrader 5

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Aroon Oscillator
Real author: Tushar Chande In the Sanskrit language “aroon” means “dawn’s early light”. This indicator predicts price changes from trend to flat market conditions. It can be calculated using the following equation: Aroon Oscillator = Bearish indicator – Bullish indicator where: Bullish indicator = [(N periods – N periods from the greatest maximum / N … Read more

Aroon Indicator in new form – indicator MetaTrader 5

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Aroon Indicator in new form - indicator for MetaTrader 5
The Aroon indicator is a technical indicator used for identifying trends in an underlying security and the likelihood that the trends will reverse. It is made up of two lines: one line is called “Aroon up”, which measures the strength of the uptrend, and the other line is called “Aroon down”, which measures the downtrend.    … Read more

Aroon oscillator – dynamic zones (levels) – indicator MetaTrader 5

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Aroon oscillator - dynamic zones (levels) - indicator for MetaTrader 5
Aroon oscillator is usually not associated with to much flexibility. It is its nature. This version is breaking that. Instead of using fixed levels to find out trends / overbought / oversold conditions, this version is introducing dynamic levels in order to change that rigidness. Levels are calculated using quantile bands (some more information on … Read more