In the Sanskrit language "aroon" means "dawn's early light". This indicator predicts price changes from trend to flat market conditions.
It can be calculated using the following equation:
Aroon Oscillator = Bearish indicator - Bullish indicator
Bullish indicator = [(N periods - N periods from the greatest maximum / N periods] * 100
Bearish indicator = [(N periods - N periods from the lowest minimum) / N periods] * 100
AroonOscillator analysis includes three main signals.
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/389
Aroon indicator created by Tushar Chande indicates if a long-term trend is going to an end or just pausing a little before a new movement.AMkA
Perry Kaufman's adaptive moving average with indicative signal points.
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