• Overview
  • Reviews (4)
  • Comments

Tushar Chande Aroon

3.75

The name Aroon means “Dawn's Early Light” in Sanskrit. His creator Tushar Chande chose this name because the indicator is designed to catch the beginning of a new trend. At first sight it seems a little confusing all those jagged lines but after you understand the basics of it, you will find this indicator pretty cool and use it in a variety of ways, i.e.: Trigger, Trend Filtering System, and so on.

The Aroon indicator was created in 1995 so it is a "modern" indicator compared to the Jurassic ones like RSI and all Overbought and Oversold indicators from the '60s and '70s...

This indicator contains 2 lines: Aroon UP and Aroon DOWN, which fluctuates between the range of 0 (weak trend) and 100 (strong trend). The Aroon UP line represents the Bullish movements of prices and the Aroon DOWN the Bearish movements of prices. The logic behind this indicator is that an asset will have the Closing Prices making new highs during an Uptrend, and will make new lows during a Downtrend.

The only parameter you need to use is the lookback period (bars) for the analysis. There is no optimal parameter here since there is an almost unlimited amout of assets and timeframes around the world. And, it all depends on your strategy and what do you need to "see" from the market you are trading...

We at Minion Labs recreated this indicator for MT5 to be used as a Trend Filtering System. But you can use it in any way you want. Experimenting is the key to success...

Enjoy!


HOW TO "READ" THIS INDICATOR

  • Lines Crossovers may be used as a signal of a probable change in trend.
  • A Line above the 70 level indicates a probable strong trend.
  • When both lines are below the 70/50 level could indicate a ranging/sideways market.

PARAMETERS

  • # of past bars to analyze their Highs and Lows.


Buffers for your Expert Advisor:

  • #0: Arron UP line.
  • #1: Arron DOWN line.



As always, if you like this indicator, all I am asking is a little Review (not a Comment, but a REVIEW!)...   

This will mean A LOT to me... And this way I can continue to give away Cool Stuff for Free...

With No Strings Attached!  Ever!


Live Long and Prosper!

;)

Reviews 4
LiquidFlame
26
LiquidFlame 2021.08.31 14:15 
 

Perfect! This indicator sheds light to profitable trading. Thanks!

Heitor Leal Farnese
229
Heitor Leal Farnese 2021.08.01 23:46 
 

Great one! Thank you!!

Igor Bessarab
161
Igor Bessarab 2021.09.26 22:02 
 

Хороший индикатор!

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Identify ranges  | Get earliest signals of Trends  | Get clear exits before reversal  | Spot the Fibo levels the price will test   |  Non-repainting, non-delayed indicator - ideal for manual and automated trading - for all assets and all time units $69   for launch - then back to >>   $149 After purchase,   please contact me on this channel   for recommended and personalised settings MT4   version:  Click here Get our full method with  BladeSCALPER  and   PowerZONES What is it about? TrendDE
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ATR is a measure of volatility introduced by market technician J. Welles Wilder Jr. in his book, "New Concepts in Technical Trading Systems". In general, traders are accustomed to seeing the ATR in the form of a sub-window indicator. What I am presenting here is a simplified version of ATR - just the current ATR number - very useful for monitoring just the very moment of the current chart. If you want to monitor several timeframes in the same chart, just add the ATR Monitor indicator several tim
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Flavio Javier Jarabeck
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The Metatrader 5 has a hidden jewel called Chart Object, mostly unknown to the common users and hidden in a sub-menu within the platform. Called Mini Chart, this object is a miniature instance of a big/normal chart that could be added/attached to any normal chart, this way the Mini Chart will be bound to the main Chart in a very minimalist way saving a precious amount of real state on your screen. If you don't know the Mini Chart, give it a try - see the video and screenshots below. This is a gr
Economic Markers PRO
Flavio Javier Jarabeck
5 (1)
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Easily get all relevant economic events of the current day right into your chart, as markers. Filter what kind of markers do you want: by country (selected individually) and by Importance (High relevance, Medium, Low or any combination of these). Configure the visual cues to your liking. Additionaly you have the ability to add up to 5 personal markers of your own agenda. With Alerts and/or with blackout periods, if you are using it within an Expert Advisor! All in one Economic Calendar indicator
ATR Monitor EA Friendly
Flavio Javier Jarabeck
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ATR Monitor ATR is a measure of volatility introduced by market technician J. Welles Wilder Jr. in his book, "New Concepts in Technical Trading Systems". In general, traders are accustomed to seeing the ATR in the form of a sub-window indicator. What I am presenting here is a simplified version of ATR - just the current ATR number - very useful for monitoring just the very moment of the current chart. And, by default, this indicator will not show up on screen, you can just use the buffers thems
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4.86 (7)
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For those who use the Trading Arrows on the chart for later study, but use the Triple Screen approach and got all those arrows everywhere on all additional charts, here it is: Arrows Cleaner! Just drop it on the chart and leave it there. When needed, just with 1-click you get rid of all those annoying arrows... SETTINGS You can position the little Button on any corner of the chart. Additionally you can displace it with the Offset settings. You can enlarge or shrink its size, as well as the tex
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Minions Labs' Candlestick Pattern Teller It shows on your chart the names of the famous Candlesticks Patterns formations as soon as they are created and confirmed. No repainting. That way beginners and also professional traders who have difficulties in visually identifying candlestick patterns will have their analysis in a much easier format. Did you know that in general there are 3 types of individuals: Visual, Auditory, and Kinesthetic? Don't be ashamed if you cannot easily recognize Candlest
Market Momentum PRO
Flavio Javier Jarabeck
Indicators
The Market Momentum indicator is based on the Volume Zone Oscillator (VZO), presented by Waleed Aly Khalil in the 2009 edition of the International Federation of Technical Analysts journal, and presents a fresh view of this market valuable data that is oftenly misunderstood and neglected: VOLUME. With this new approach of "seeing" Volume data, traders can infer more properly market behavior and increase their odds in a winning trade. "The VZO is a leading volume oscillator; its basic usefulnes
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Igor Bessarab
161
Igor Bessarab 2021.09.26 22:02 
 

Хороший индикатор!

LiquidFlame
26
LiquidFlame 2021.08.31 14:15 
 

Perfect! This indicator sheds light to profitable trading. Thanks!

ThorstenKock
2584
ThorstenKock 2021.08.29 17:33 
 

Not profitable. Worthless

Heitor Leal Farnese
229
Heitor Leal Farnese 2021.08.01 23:46 
 

Great one! Thank you!!

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