The Aroon Oscillator is the difference between Aroon-Up and Aroon-Down. These two indicators are usually plotted together for easy comparison. Aroon down & Aroon up are the two lines that comprise the Aroon oscillator. Aroon down is used to determine the strength of the bearish trend, while Aroon up is used to identify the strength of bullish trend. We can wait for cross below zero to suggest the beginning of a bearish trend, and wait for cross above zero to suggest the beginning of a bullish trend.
How to read Aroon Oscillator indicator
When the Aroon down and up oscillator trade towards the 50 line , then the price is in consolidation.
When the Aroon Up oscillator is above the 70 and the Aroon down oscillator is below 30 , then the price is in bullish trend. And when the Aroon down oscillator is above the 70 and Aroon up oscillator is under 30 , then the price is bearish trend.
Forex Aroon Indicator - This article shows you what is Aroon indicator and how to use Aroon indicator in forex trading.
Aroon Indicator Strategies in the Forex Trading – Aroon Forex Indicator Strategies in the Forex. The Forex Traders use Aroon indicator signal lines to determine the trend strength.
