Swami Aroon Oscillator for MetaTrader 4 – Free Download [TradingFinder]

The Swami Aroon oscillator on the MetaTrader 4 platform moves on a scale from 0 to 100 and identifies overbought and oversold conditions as well as bullish and bearish trends as follows:

• Indicator value above 80 : Indicates overbought conditions and potential correction or bearish reversal
• Indicator value below 20 : indicates oversold conditions and potential bullish reversal

Swami Arun Indicator Chart

The general specifications of the Swami Aroon oscillator are shown in the table below.

Swami Aroon oscillators at a glance

The Swami Aroon oscillator in MetaTrader 4 uses color codes to display market trends. Green indicates bullish power, while dark pink indicates bearish power.

These gradual changes in color define momentum strength and reinforce entry or exit signals.

Additionally, a buy trade is triggered when the indicator falls below 20 (oversold zone) and turns green, while a sell signal occurs when the indicator rises above 80 (overbought zone) and turns pink.

Indicators in a Bullish Trend

The chart below shows the global gold index (XAU/USD) on the 4-hour time frame. After the oscillation value decreases and approaches the 20 level, the bar gradually changes from pink to green. This shift indicates growing buyer power and marks the beginning of a new bullish wave in the market.

Indicators in a Bearish Trend

The chart below shows the EUR/USD currency pair on the 30-minute time frame. The market enters an overbought state in the range where the oscillator reaches the 80 level and the bar changes from green to pink.

In this case, the price is expected to drop, creating an ideal area to enter a sell trade.

Swami Arun Oscillator Settings

The image below shows the settings panel of the Swami Aroon oscillator in MetaTrader 4:

• Start Aroon Period : The initial calculation period of Aroon index
• End Aroon Period : The end period of Aroon index
• Lookback : Number of previous candlesticks considered
• Width : Line thickness
• Up Color : Bullish trend color
• Down Color : Bearish trend color

Conclusion

The Swami Aroon Oscillator is a dynamic tool with technical analysis to accurately identify overbought and oversold conditions.

In addition to highlighting price ranges, this trading tool identifies market trends through bar color coding: green indicates buyer dominance, while dark pink indicates seller dominance.