The Aroon indicator was developed by Tushar Chande in 1995. Both the Aroon up and the Aroon down fluctuate between zero and 100, with values close to 100 indicating a strong trend, and zero indicating a weak trend. Easy Aroon is based on the Aroon Oscillator which is a trend-following indicator that uses aspects of the Aroon indicator to gauge the strength of a current trend and the likelihood that it will continue. The Aroon oscillator is calculated by subtracting Aroon down from Aroon up. It is typically interpreted as follows:
• Above 50 is considered a strong uptrending market
• Below -50 suggests that the market is trending lower;
• Near 0 typically indicates that the market is in transition and not trending.
Easy Aroon provides a comprehensive dashboard that allows you to view the Aroon value of up to 37 currency pairs and several indices across 5 timeframes (M15, M30, H1, H4, D1) at one glance. This provides you with an understanding of the current trend of the forex market on the go.
Period used is 14.
Below are some of the key features of the app.
- Timely display of Aroon values of up to 37 currency pairs across 5 timeframes,
- Allows configuration of uptrend and downtrend condition that best suit your personal trading strategy,
- Timely push notification alert when uptrend or downtrend condition is hit
- Display headline news of your favourite currency pair(s)
Easy Indicators relies on your support to fund its development and server costs. If you like our apps and wish to support us, kindly consider subscribing to Easy Aroon Premium. This subscription removes all advertisements within the app, receive push alert based on your preferred overbought/oversold values and supports our development of future enhancements.
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*** IMPORTANT NOTE ***
Please note that updates are not available during weekend.
Forex trading on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade forex, you should carefully consider your investment objectives, level of experience, and risk appetite. You must be aware of the risks of investing in forex and be willing to accept them in order to trade in these markets. Trading involves substantial risk of loss and is not suitable for all investors.
EasyIndicators has taken great measures to ensure the accuracy and timeliness of the information in the application, however, does not guarantee its accuracy and timeliness, and will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information, inability to access the information, for any delay in or failure of the transmission or the receipt of any instruction or notifications sent through this application.
The Application Provider (EasyIndicators) reserves the rights to stop the service without any advance notification.