Aroon Oscillator in MetaTrader 5 Download - Free - [TradingFinder]

The Aroon indicator is one of the MetaTrader 5 indicators that uses two oscillating lines in blue and brown to identify future price movements and trend reversal points.

The Aroon oscillator is plotted below the price chart in a separate panel and determines trend strength and direction based on ranges between 0 and 100.

The relative positioning of the Aroon Up and Aroon Down lines can indicate whether the price trend is bullish or bearish.

Aroon Indicator Specifications Table

The features and specifications of the Aroon Indicator are as follows:

Buy Signal

Based on the 30-minute Ethereum (ETH) chart, the blue oscillating line (Aroon Up) is positioned above the brown line and within the 70-level range.

This indicates a bullish trend, with the oscillation of the blue line above 70 further affirming the trend's strength and stability.

Sell Signal

The 30-minute GBP/USD currency pair chart demonstrates how the Aroon Oscillator issues a Sell Signal.

The brown Aroon Down line is above the blue Aroon Up line, oscillating within the 70-level range, signaling a strong bearish trend.

Indicator Settings

The configuration options for the Aroon Oscillator are as follows:

• Chart Theme: Define the indicator's visual theme;
• Period: Specify the number of periods used to calculate the trend line.

Conclusion

The Aroon indicator is a highly volatile indicator consisting of two lines, designed to identify trend movements and reversal zones on the MT5 platform.

The relative positions of the two lines indicate whether the trend is an Uptrend or a Downtrend. Additionally, when either line oscillates above the 70 level, it signifies the trend's strength and stability.