aroon indicator for mt4

The Aroon Indicator for MT4 tells traders if given currency pair is currently in a trend and, if so, how strong that trend is.

Example chart:

aroon indicator example chart

How to use the Aroon Indicator for MT4?

The Aroon Indicator consists of two lines: yellow “Up Line” and blue “Down Line”. Trading signals are generated after a crossover between them.

When the Aroon Up line is above 50 level and stays higher than Aroon Down, the market is usually in an uptrend.

Conversely, when Aroon Down is above 50 and remains higher than the other one, the market is typically in a downtrend.

When any of the lines stays at 100, it means a trend is strong.

When not to trade?

The indicator also helps to avoid weak markets.

When both lines move close together or stay around the middle area, the market is often considered ranging (no clear direction). In these conditions, sucessful trend-following trades are more risky.


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