Identifying the market trend is one of the most valuable trading skills a forex trader must expert in the trading. This indicator is one of the most popular forex oscillator indicator. Aroon indicator helps foreign exchange traders to determine the trend of the market. The Aroon indicators reflects percentage value and trades between 0 - 100. are shown in percentage terms and fluctuate between 0 and 100. Aroon technical indicator is traded to determine price trends in Forex trading market and also identifies market price reversal also. This indicator is like ADX technical indicator, these trading indicator identify the strength of the market trend.
The following trading system is Aroon indicator trading system
Currency : Any
Time frame : Any
Indicator : Aroon indicator
Trading rules
Buy signals : If value 2 line from Aroon indicator cross below the value 1 line of Aroon indicator
Sell signals : if value 2 line of Aroon indicator cross above the value 1 line of Aroon indicator
The aroon indicator identify if the market prices are changing from trend move to a range and vice versa. This indicator trading was developed by Tushar Chande to determine the market trend.
This indicator has 3 levels, 0, 50 and 100. The downtrend market is identified when aroon down is trade below the 50 level and uptrend market identified when aroon up is trade above 50.
Popular Posts
Pageviews last month
New Posts
ads space FOR RENT $25/month
contact Skype herman.lean
0 comments:
Post a Comment
IF YOU WANT TO KNOW ANYTHING about Forex trading system, Forex indicator, Expert Advisor, etc. and you want me to write about it - YOU CAN ASK ME using comment box.