Forex Aroon indicator MT4
The Aroon indicator is used to help traders know when a market is uptrending, downtrending or is in a range-bound, trendless market. Knowing when market is trending is very useful, mainly because trend following technical analysis indicators are profitable during trending markets but cause losses during non-directional markets. Similarly, oscillators are extremely profitable indicatos during range-bound markets, but perform very poorly during strong trending markets. The Aroon indicator can show which mode the market is in. When the Aroon Down indicator (in red) is above 70 line and the Aroon Up indicator (in blue) is below 30, then the market is trending downwards. In contrast, when the Aroon Up indicators is above the 70 line and the Aroon Down indicator is below 30, then the market is trending strongly upwards. When the Aroon Up and Aroon Down indicator move towards the centerline (50), then the market is entering into consolidation period Attention: These products listings are fully comply with policy and do not contravene available copyright laws. I am an Authorized Reseller of this product and also the copyright holder