CodeBaseSections
Watch how to download trading robots for free
Find us on Twitter!
Join our fan page
Interesting script?
So post a link to it -
let others appraise it
You liked the script? Try it in the MetaTrader 5 terminal
to pocket
Indicators

Aroon Oscillator - indicator for MetaTrader 5

Tushar Chande | English Русский 中文 Español Deutsch 日本語 Português
Published by:
Nikolay Kositsin
Views:
22442
Rating:
(33)
Published:
2011.08.02 12:59
Updated:
2016.11.22 07:32
Download as ZIP, How to download code from MetaEditor
Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

Real author:

Tushar Chande

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

where:

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.

  1. Reaching critical values -100 and +100 indicates a strong downward or upward trend.
  2. Aroon Up = +50 and Aroon Down = -50 levels breakout increasingly or decreasingly respectively indicates beginning of a trend.
  3. Oscillator position between Aroon Up = +50 and Aroon Down = -50 levels indicates a weak trend or its complete absence.

Aroon Oscillator

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/389

Aroon Aroon

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 AMkA

Perry Kaufman's adaptive moving average with indicative signal points.

Module of Trade Signals, based on BrainTrend1 indicator Module of Trade Signals, based on BrainTrend1 indicator

A blue candle of BrainTrend1 indicator is a signal to open a long position, a red candle is a signal to open a short position.

Module of Trade Signals, based on BrainTrend2 indicator Module of Trade Signals, based on BrainTrend2 indicator

A Lime candle of BrainTrend2 indicator is a signal to open a long position, a Magenta candle is a signal to open a short position.