The Aroon Up & Down | FREE Forex Trading Indicator
The Aroon Up & Down MetaTrader indicator —– By detecting the local highs and lows of the chart it was applied to, this indicator provides the signals to buy and sell the currency pairs as they rise from below and fall from above. Indicator lines provide a good signal to take profits or exit with minimal loss. This indicator can send audible and email notifications through the crosshair. It is available in MT4 and MT5 versions.
- AroonPeriod (default = 14) — the period in chart bars for the indicator to look up for the bottoms and the tops. As with many other indicators, the higher is the period the smoother the output lines are, the lower the period is the more signals are generated.
- MailAlert (default = false) — if true then the e-mail alert will be sent on cross according to the mail options of your MetaTrader platform.
- SoundAlert (default = false) — if true then a simple sound and visual alert will be activated on cross.
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As you see, trading is quite easy if you follow this indicator. Just buy when the blue line rises from the bottom and the red one is near the middle of the range; sell when the blue line falls from the top and the red one is near the middle of the range. Exit for profit or for minimum loss when the red line reaches the opposite side of the range.
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