Aroon Up & Down MT4 indicator - identifying local peaks and troughs on the graph to which it is connected, this indicator provides a signal to the buying and selling currency pairs, when they rise from the seabed, or fall from heights. Crossing the line indicator shows a good signal for a fixed profit or minimum loss.
Input parameters:
* AroonPeriod (default = 14) - time in bars to display, at which time it will go peaks and troughs. As with many other indicators, the higher the period, the smooth lines and looks, the less time the more the signal is generated.
As you can see, quite simply to sell, following this indicator. Just buy when the blue line rises from the bottom, and red is close to the middle of the window display, sell, when the blue drops from the top, and red is in the middle. Go out with a profit or minimum loss, when the red line to the opposite edge of the window.
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Aroon Up & Down in. Zip
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