The AROON indicator

 Aroon is one of the best tools for trading on the foreign exchange market. You can use it to get local highs and lows, thereby acquiring precise points for opening or closing a position. The essence of its work lies in displaying reversals, changes in positions, weakening or strengthening of the trend. And all this is laid down within a single segment specified by the user.

This tool is installed directly in the MetaTrader trading platform and is created on the basis of the currency pair that you trade online.
Aroon Features

Aroon is a tool for transactions that consists of three parameters that make up the entire algorithm of its operation:
1. "Aroonperiod" is the main tool that shows the probability of entering a given position and its directions. It also displays the minimum and maximum price on the chart (the most likely one);
2. "Soundalert" - creates a sound when it is recommended to open a position for convenience in trading;
3. "Meilalert" - creates a visual effect on the chart as well as a graphical indicator signal for clarity in trading.
Displaying the indicator when trading

Aroon Indicator

Aroon is one of the most convenient tools, because visually it consists of two lines-Aroon UP and Aroon Down. The first shows the number of periods that have passed since the maximum price value, and the last, on the contrary, shows the number of periods that have passed since the minimum value.
The intersection of these lines indicates that there is a long trend in the market. This situation can only occur if the number of periods from the maximum and minimum coincide and you get a long-term trend-the price that has not been for a long time. The intersection occurs by raising the Down level and lowering the UP level.
When to open positions?

if the blue line crosses the 30% mark on the visual chart, you need to monitor the state of the red line. As soon as the red one meets it, we get ready. When they intersect, you must immediately open a position to buy the asset. But you need to do this when the red and blue lines intersect between the 30% and 70% marks. In other cases, you can cause the Deposit to lose when the price reaches the stop loss.
When should I close positions?

Aroon Positions

If you see the Up chart falling and the down chart increasing, you should prepare to close the position. As soon as you see an intersection in the range between 30% and 70%, immediately close the position and count the number of points earned. You won a good amount by opening and closing a position once.

The advantages of this indicator are very simple:

1. Reliability. Aroon will never let you down. Statistics prove that Aroon rarely shows false values and leads to a stop loss position;
2. Versatility. It shows not only the strength and direction of the trend (like many indicators), but can also notify the trader of a possible trend reversal;

Stable and light. It is very easy to learn and consistently does not fail in the work it will always find a great position for you and show you a simple example of where to open and close positions.