Aroon Oscillator in MetaTrader 4 Download - Free - [TradingFinder]

The Aroon Oscillator, one of the MetaTrader 4 indicators, consists of two colored lines designed to identify trend movements in both bullish and bearish directions.

This indicator is displayed in a separate panel from the chart, specifying the trend's strength based on ranges between 0 and 100.

The positioning of the Aroon Up and Aroon Down lines relative to each other provides Buy and Sell signals.

Aroon Indicator Specifications Table

The table below contains the features and specifications of the Aroon Indicator:

Analysis of the Indicator in a Bullish Trend

As shown in the chart of the EUR/USD currency pair in a 5-minute timeframe, the positioning of the Aroon Up line (blue) above the Aroon Down line (brown) indicates a bullish trend.

Likewise, the oscillation of the blue line within the 70-level range demonstrates the strength of the bullish trend, which is further confirmed by the oscillation of the brown line near the 30 level.

Analysis of the Indicator in a Bearish Trend

As depicted in the image below, the Aroon Down line (brown) crosses above the Aroon Up line (blue) and oscillates higher. Under such conditions, the trend can be considered bearish.

Additionally, the movement of the brown line around the 70 level signifies the strength of the bearish trend.

Indicator Settings

The settings of the Aroon Indicator are illustrated in the image below:

• Chart Theme: Indicator theme;
• Period: The number of periods used to calculate the trend line.

Conclusion

The Aroon Oscillator is a currency strength indicator used to identify the direction of price movement in MetaTrader 4. It consists of two lines, Aroon Up and Aroon Down, whose relative positioning determines whether the trend is bullish or bearish.

Additionally, this oscillator displays the trend strength by considering values between 0 and 100.