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.
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
- 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
This Indicator is useful for identifying and confirming trend reversals.