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 multiple instruments across 6 timeframes (M5, 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.Key Features
☆ 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
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