Forex Technical Indicator: Aroon Indicator.

in forex •  7 years ago  (edited)

aroon_graph.jpg
Image sources: instaforex.

This is the indicator, developed by Tushar Chande. It is mainly used to identify the strength and direction of the trend.

When it crosses the Aroon down bottom-up, it is likely to emerge as uptrend. In reverse to above, we can consider it as The bearish trend.

When the signal occurs above 40% and below 40%, it calls extreme zones and there is a chance to strengthen the signal.

Ref: instaforex

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