Alon - Multi Time Frame Version - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The Aron indicator was developed by Tushar Chande in 1995.
This version is correcting common problems in the Metatrader version of the Aroon indicator (which never reached level 0) and adding a multi-timeframe option to it. In addition to all standard multi-timeframes available in Metatrader 5, there are 3 additional "timeframes":
You can use color changes as signals
Attachment download
📎 aroon_fmtf1.mq5 (20.77 KB)
Source: MQL5 #24705
Aron - Multi-time frame version - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
Aron - Multi-time frame version - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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