Aroon Oscillator

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Haasbot's Aroon Oscillator Indicator is a momentum Indicator, which is used by the Trade Bot that measures the difference between Aroon-Up and Aroon-Down. It essentially combines the two Aroon Indicators into one. This indicator fluctuates between -100 and +100 with zero as the middle line. A upward trend is present when the oscillator is positive, while a downward trend exists when the oscillator is negative.


Haasbot 2.0 Interface

Ind-arronosc-1024x481.jpg

Formula

Aroon Oscillator is an Indicator that has the following formula:

Aroon Up = 100 x (25 - Days Since 25-day High)/25
Aroon Down = 100 x (25 - Days Since 25-day Low)/25
Aroon Oscillator = Aroon-Up - Aroon-Down


Settings

  • Exchange Website, of which you would like to monitor (Pro Tip: It doesn't have to be the same exchange you are currently trading on)
  • Currency Pair, of which you would like to monitor for trade signals.
  • Update Speed
  • Trade Signals
  • Aroon Up Steps Back
  • Aroon Down Steps Back
  • Buy Threshold
  • Sell Threshold


Usage

This Indicator is useful for identifying and confirming trend reversals.