New Aron Advance and Decline Indicator for MetaTrader 4 - Free Download [TradingFinder]

The new Aron Up and Down indicator is designed for timing price movements on the MetaTrader 4 platform.

This trading tool calculates the number of candlesticks elapsed since the last high and last low in a specified time frame, showing the strength and momentum of the trend.

New Aaron's upper and lower indicator table

The general specifications of the new Alon price indicator are as shown in the table below:

New Aron rising and falling indicators at a glance

The new Aroon Up and Down indicator can show different market conditions in bullish and bearish form using blue and red arrows.

In a bullish trend, the Aron Ascending Line is moving at higher levels and its value close to 100 indicates that buyers are dominant. Conversely, in a bearish trend, the Aron descending line stabilizes in the higher territory, reflecting seller pressure.

Additionally, the oscillation chart at the bottom of the screen reflects the strength and persistence of the trend. Higher values ​​indicate a strong move in the current direction, while lower values ​​indicate a neutral market phase.

Indicators are in an upward trend

The blue arrow on the chart marks the buying entry point. This occurs when the ascending Aroon line crosses the descending Aroon line or forms a higher range.

Furthermore, the increase in oscillator values ​​around the +3 range indicates that buyer power is clearly active, reinforcing the bullish market momentum .

Indicators are in a downward trend

The red arrow on the chart indicates a sell entry signal. These warnings occur when the Aroon descending line crosses the Aroon ascending line or settles in a higher range.

Immediately after this setup, consecutive red candlesticks appear and the chart enters a bearish correction phase and confirms the sell entry zone.

New Aroon Up and Down indicator settings

The picture below shows the setting panel of the new Aron upper and lower indicators:

• Period : Defines the number of periods for indicator calculation
• Show Arrows : Enable or disable the display of arrows on the chart
• Arrow Size : Specify the size of the arrow
• Up Arrow Color : Select the color of the bullish arrow
• Down Arrow Color : Select the color of the bearish arrow
• Alerts ON : Enable or disable general alerts
• Message Alert : Display alerts as text messages on the platform
• Email Alert : Send alerts via email
• Sound Alert : Plays an audio alert when a signal occurs
• Sound File : Select a custom alert audio file
• Lookback : Number of past candlesticks to analyze

Conclusion

The new Aron Up and Down indicator combines visual signals with an oscillator that fluctuates within a ±3 range to identify precise entry and exit points.

The blue arrow aligned with the Aron upward cross indicates the beginning of bullish momentum, while the red arrow confirms growing seller strength.

The oscillator's move into higher positive territory reinforces the bullish trend, while its dip into negative territory highlights continued bearish pressure.