- It is green when aroon up line is over aroon down line and rising, red when opposite, yellow otherwise.
- Editables: You can change the lookback period in settings. In general, choose a bigger number if you prefer longer term trade and vice versa.
- Alarms: You can set alarms for when aroon moving up and moving down the alarm section.
The Aroon indicator is a technical indicator that is used to identify trend changes in the price of an asset, as well as the strength of that trend. In essence, the indicator measures the time between highs and the time between lows over a time period. The idea is that strong uptrends will regularly see new highs, and strong downtrends will regularly see new lows. The indicator signals when this is happening, and when it isn’t. The indicator consists of the “Aroon up” line, which measures the strength of the uptrend, and the “Aroon down” line, which measures the strength of the downtrend.