Aroon Oscillator Indicator


The Aroon Oscillator Indicator is an oscillator that quickly finds out the trend stop and the start of a sideways trend in the horizontal interval and vice versa. The formula for Aroon Oscillator is calculated as the difference between Aroon Up and Aroon Down. 

The Aroon Oscillator Indicator fits all kinds of timeframes and currency pairs. 

Buy Signal:
-  Aroon Oscillator turns from negative to positive (from red bars to blue bars)
-  Price swings higher from recent low swing
-  Set stop loss a few pips below the last low point of the market
-  Take profit or exit trade whenever the Aroon Oscillator provides an opposite signal 

Sell Signal
-  Aroon Oscillator turns from positive to negative (from blue bars to red bars)
-  Price swings lower from recent high swing
-  Set stop loss a few pips above the last high point of the market
-  Take profit or exit trade whenever the Aroon Oscillator provides an opposite signal