The aroon indicator was developed by a guy called Tushar Chande in The aroon indicator has two lines, the red line and the blue line. Both lines travel back and forth between 0 and At its most basic, the bulls have the edge when Aroon-Up is above 50 and Aroon-Down is below This indicates a greater propensity for new x-day highs than lows.

Aroon Indicator Mt4 (DOWNLOAD LINK)

The converse is true for a downtrend. The bears have the edge when Aroon-Up is below 50 and Aroon-Down is above A surge to indicates that a trend may be emerging. This can be confirmed with a decline in the other Aroon indicator.

For example, a move to in Aroon-Up combined with a decline below 30 in Aroon-Down shows upside strength. Consistently high readings mean prices are regularly hitting new highs or new lows for the specified period.

Prices are moving consistently higher when Aroon-Up remains in the range for an extended period. Conversely, consistently low readings indicate that prices are seldom hitting new highs or lows. Prices are NOT moving lower when Aroon-Down remains in the range for an extended period.

This does not mean prices are moving higher though. For that we need to check Aroon-Up. For example, the first stage of an uptrend signal is when Aroon-Up moves above Aroon-Down.

This shows new highs becoming more recent than new lows.

Keep in mind that Aroon measures the time elapsed, not the price. The second stage is when Aroon-Up moves above 50 and Aroon-Down moves below The third stage is when Aroon-Up reaches and Aroon-Down remains at relatively low levels. The first and second earthworm make money raising do not always occur in that order. Sometimes Aroon-Up will break above 50 and then above Aroon-Down. Reverse engineering the uptrend stages will give you the emerging downtrend signal.

Aroon-Down breaks above Aroon-Up, breaks above 50 and reaches Menu Simple Forex Trading Strategies Price Action Trading Course Price Action Trading Strategies FX Trading Signals.

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