Aroon Indicator
Platform: MT4 Type: Momentum Last update: October 20, 2024The Aroon Indicator for MT4 comes in handy for reading short-term trends. Watch as the “Up Line” (Default color: Yellow) reaches 100 level (or near) – that means an uptrend takes place. Watch for the “Down Line” (Default color: Dodger Blue) reaches 100 level (or near) – that means a downtrend occurs. The Aroon Indicator lines are also useful when they cross each other – it works as a trade entry signal.
Example chart:
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