The Aroon Oscillator V1 Indicator is a popular, free and useful Forex indicator for the MT4 platform. It is designed to help traders identify trend changes in the market and to identify potential trading opportunities. The Aroon Oscillator V1 Indicator is based on the Aroon Indicator, which was developed by Tushar Chande in 1995. The Aroon Oscillator is calculated by subtracting the Aroon Down from the Aroon Up. The Aroon Up and Aroon Down are calculated by taking the difference between the highest high and the lowest low over a specified period of time. The Aroon Oscillator is a momentum indicator that oscillates between -100 and +100. When the Aroon Oscillator is above 0, it indicates an uptrend in the market. Conversely, when the Aroon Oscillator is below 0, it indicates a downtrend in the market. A reading of +100 indicates that the uptrend is strong, while a reading of -100 indicates that the downtrend is strong. The Aroon Oscillator can also be used to identify potential reversals in the market. The Aroon Oscillator V1 Indicator is a useful tool for traders to identify potential trading opportunities.
MT4
![](https://www.mt4collection.com/wp-content/uploads/2023/06/Aroon-Oscillator-V1-Indicator-screenshot-1-230x144.png)
![](https://www.mt4collection.com/wp-content/uploads/2023/06/Aroon-Oscillator-V1-Indicator-screenshot-2-230x144.png)
![](https://www.mt4collection.com/wp-content/uploads/2023/06/Aroon-Oscillator-V1-Indicator-screenshot-4-230x144.png)
![](https://www.mt4collection.com/wp-content/uploads/2023/06/Aroon-Oscillator-V1-Indicator-screenshot-3-230x144.png)
Aroon Oscillator V1
The Aroon Oscillator V1 Indicator is a powerful and useful tool for Forex traders. It is a free and popular MT4 indicator that helps traders identify trend reversals and gauge the strength of the trend. The indicator plots two lines, Aroon Up and Aroon Down, which measure the strength of the uptrend and downtrend respectively. The Aroon Oscillator is calculated by subtracting Aroon Down from Aroon Up. A positive value indicates a strong uptrend, while a negative value indicates a strong downtrend.
Trading Style | , |
---|---|
Platform | |
Timeframe | |
Indicator Type | , |
0
People watching this product now!
Category: Stochastic
Downloads - 61
Description
Reviews (0)
Be the first to review “Aroon Oscillator V1” Cancel reply
How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
Related products
Volatility Quality Zero
The Volatility Quality Zero Line Indicator is a new, popular and free forex indicator available on MT4 that determines the volatility quality of a financial instrument by measuring the relationship between the average true range and the true range. It draws a zero line, which serves as a guide to determine the direction of the trend, and traders can enter or exit positions based on its crossing. The Volatility Quality Zero Line indicator is a useful powerful tool that will definitely take your trading experience to the next level.
AO Divergence
The AO Divergence Indicator is a useful BE4 tool for forex traders who want to identify divergence patterns in the market. This new MT4 indicator is popular with traders due to its effectiveness in spotting divergence patterns and predicting potential price reversals. It works by analyzing the Awesome Oscillator (AO) and highlighting divergence patterns that may indicate possible trend changes. The AO Divergence Indicator is easy to use and can be a valuable addition to any trader's toolbox.
Commodity Channel Index
The Commodity Channel Index (CCI) is a popular and useful Forex indicator used by many traders. It is a technical indicator that measures the momentum of price movements and helps to identify when a currency pair is overbought or oversold. It is easy to use and can help traders identify potential trading opportunities. The indicator is free to use on the MT4 trading platform and is one of the most popular indicators used by traders.
3 Color MACD
The 3 Color MACD Indicator is a useful forex trading tool that is available for free on MT4. This popular indicator uses Moving Average Convergence Divergence (MACD) to help traders identify market trends and potential entry/exit points. The indicator is easy to use and can be applied to any currency pair or timeframe. It is ideal for both novice and experienced traders who want to enhance their trading strategy with a reliable technical indicator.
Renko Charts
The Renko Charts indicator is a popular free MT4 tool used by forex traders to analyze market trends. It works by plotting price movements as "bricks" on a chart, where each brick represents a predetermined price range. This helps filter out market noise and highlight the direction of the trend. Make The Renko Charts indicator a useful tool to improve your Forex trading strategies.
Qualitative Quantitative Estimation
The Qualitative Quantitative Estimation Indicator is a powerful tool for traders in the Forex market. It's a new and popular indicator that works with the MT4 platform. The QQE Indicator is used to determine market trends, identify overbought and oversold positions, and detect divergence in prices and momentum.
MACD True
The MACD True Indicator is a popular and useful MT4 forex indicator that helps traders identify trends and momentum in the market. It is a modified version of the traditional MACD indicator that incorporates a color-coded histogram to provide more visual cues for traders. This indicator works by measuring the difference between two moving averages, and it is often used in conjunction with other technical indicators to confirm trading signals. Traders of all levels can benefit from using the MACD True Indicator in their trading strategies.
Momentum Reversal Detector
The Momentum Reversal Detector Indicator is a useful and popular free Forex indicator for MT4. It is designed to help traders identify potential reversals in market momentum. The indicator uses a combination of moving averages, oscillators, and price action to generate signals when a reversal is likely. The Momentum Reversal Detector Indicator is a great tool for any Forex trader looking to capitalize on short-term reversals.
Reviews
There are no reviews yet.