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Forex Aroon Up-Down with Alert MQ4 Trading Indicator


DOWNLOAD Forex Aroon Up-Down with Alert MQ4 Trading Indicator – The Aroon indicator is derived from two lines, Aroon Up and Aroon Down. Both lines run in a marked range between 0-100 to help define a currency pair’s strength or weakness.

  • The Aroon Down is depicted as a green line and as its name suggests helps track price in a downtrend.
  • The Aroon Up is depicted as a red line and measures the strength of an uptrend.

Traders will watch both lines as they oscillate between 0-100 and change their market preference as one line crosses above the other.

If Aroon Down is above Aroon Up the trend is considered down with the price expected to go lower.

The opposite holds true if Aroon Up is residing above Aroon down.

 

BUY Rules

Trading NOTES

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  • Aroon Up-Down:
    • The blue line above the level 90 line
    • The red line downward or below the level 20 line

 

SELL Rules

  • Aroon Up-Down:
    • The red line above the level 90 line
    • The blue line downward or below the level 20 line

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