Aroon Oscillator EA Setup - Setting Up Aroon Oscillator Expert Advisor

Aroon Oscillator EA Setup - Setting Up Aroon Oscillator EA - A trader can come up with an Aroon Oscillator EA based on the awesome indicator explained below.

Aroon Oscillator EA rules can be combined with other Forex technical indicators to come up with other Expert Advisor Forex Robots that trade using rules based on two or more indicators combined to form a trading system.

Aroon Oscillator Forex Trading Technical Analysis & Aroon Oscillator Signals

Calculated from Aroon Indicator.

Calculation

The oscillator is calculated by subtracting Aroon DOWN from Aroon UP.

Oscillator oscillates between -100 & +100, this is because both Aroon UP and Aroon DOWN moves between Zero & 100.

Aroon Oscillator EA Setup

Forex Analysis and Generating Signals

Buy Signal

The Oscillator gives a technical buy signal when it goes above the Zero line. The further it is from zero the stronger the up trend

The indicator shows price is gaining momentum if it keeps heading toward +100, and momentum is reducing if it is approaching the Zero mark.

Sell Trading Signal

The Oscillator gives a technical short signal when it goes below the Zero line. Further it's from zero the stronger the down trend

The indicator shows price is gaining momentum if it keeps moving toward -100, and momentum is reducing if it is approaching the Zero mark.

Buy & Sell Signals - Aroon Oscillator EA Setup