Aroon-Up traded above 50 and touch 100 as Aroon-Down remained at relatively low levels. Notice how Aroon-Up traded close 100 as the advance continued.
A trading indicator traded for determining market trends in an underlying forex market and the likelihood that the market 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.
Aroon Up & Down — determine the market trend changes with the 2-line trading indicator, which determines the maximums and minimums and draws itself in the separate chart window.
Aroon Up above 70 deterimines a strong bullish trend. Aroon Down above 70 defines a strong bearish trend. Aroon Up under 50 warns that the bearish trend is weakening.
The Aroon Forex indicator anticipates when a security is changing from an impulsive move to a trading range and vice versa. The aroon technical indicator plots the Aroon Up.
The Aroon (up) is calculated by means of the following formula: (# of periods) - (# of periods since the highest high during that time) X 100 # of periods:
Aroon Up & Down indicator, developed by Tushar Chande in 1995, is the indicator that allows you to anticipate changes.
No comments:
Post a Comment