Aroon Oscillator Oil Technical Analysis and Aroon Oscillator Oil Trading Signals
Calculated from Aroon Crude Oil Indicator.
Calculation
The oscillator is calculated by subtracting Aroon DOWN from Aroon UP.
The Oscillator oscillates between -100 & +100, this is because both Aroon UP and Aroon DOWN moves between Zero and 100.
Oil Technical Analysis & How to Generate Oil Trading Signals
Buy Crude Oil Trading Signal
The Oscillator gives a technical buy oil signal when it goes above the Zero line. The further it is from zero the stronger the up oil trend
The indicator shows crude crude oil price is gaining momentum if it keeps moving toward +100, and momentum is reducing if it is approaching the Zero mark.
Sell Oil Trading Signal
The Oscillator gives a technical short signal when it goes below the Zero line. further it is from zero the stronger the down oil trend
The indicator shows crude crude oil price is gaining momentum if it keeps heading toward -100, and momentum is reducing if it is approaching the Zero mark.
Buy & Sell Oil Trading Signals