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Aroon Up & Down
Aroon Up & Down MetaTrader indicator detecting
the local tops and bottoms of the chart it was applied to, this indicator
provides the signals for buying and selling the currency pairs when they rise
up from the bottom and fall from the top. The cross of the indicator lines
provide a good signal to take the profit or to exit with a minimum loss. This
indicator can send sound and e-mail alerts on the cross. It is available in both
MT4 and MT5 versions.
Input parameters:
- AroonPeriod (default = 14) the period in chart bars for
the indicator to look up for the bottoms and the tops. As with many other
indicators, the higher is the period the smoother the output lines are, the
lower the period is the more signals are generated.
- MailAlert (default = false) if true then the e-mail
alert will be sent on cross according to the mail options of your MetaTrader
platform.
- SoundAlert (default = false) if true then a simple
sound and visual alert will be activated on cross.
As you see, the trading is quite easy if you follow this indicator. Just buy
when the blue line rises from the bottom and the red one is near the middle of
the range; sell when the blue line falls from the top and the red one is near the
middle of the range. Exit for profit or for minimum loss when the red line
reaches the opposite side of the range.
Downloads:
Aroon Up & Down for MetaTrader 4 in .zip
Aroon Up & Down for MetaTrader 4 in .mq4
Aroon Up & Down for MetaTrader 5 in .zip
Aroon Up & Down for MetaTrader 5 in .mq5
Discussion:
Warning! Before you ask any basic questions regarding installation of
the indicators, please, read this
MetaTrader 4 Indicators Tutorial or MetaTrader 5 Indicators Tutorial
to get the elementary knowledge on handling them.
Do you have any suggestions or questions regarding this indicator? You can
always
discuss Aroon Up & Down
with the other traders and MQL programmers on the indicators forums.
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