AROON - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
The Aroon indicator was developed by Tushar Chande in 1995 to assess trend strength. This indicator can be used to see when an existing trend can change its direction.
In fact, this indicator measures the time it takes for the price to reach its highest and lowest values within a certain time interval (expressed as a percentage of the total time). The indicator consists of an "Aron Up" line, which measures an uptrend, and an "Aron Down" line, which measures the strength of a downtrend.
There are three tunable parameters:
AronUp[i] = 100 * (Period - i + PosMax) / Period AronDn[i] = 100 * (Period - i + PosMin) / Period
Where:
Attachment download
📎 aroon.mq5 (9.85 KB)
Source: MQL5 #21022
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •