Signal To Buy:
Occurs when the blue line crosses the red line from the bottom. To signal a more optimal cross occurred approximately in the middle of the range level.
Signal Offers:
Occurs when the red line across the blue line from the bottom. To signal a more optimal cross occurred approximately in the middle of the range level.
Signal/Stop Loss Take Profit:
To buy: TP, while blue lines touch the basic level.
For sell: TP, while the red line touching the top level.
And SL when going cross again, because it means the trend change.
See pictures below for Illustration:
Parameters used:
* AroonPeriod (default = 14)-a period in the bar chart will be used to calculate the value of the maximum and minimum. The lower this value will be the more the signal is generated.
* MailAlert (default = false) — If True = email will be sent in the event of a cross/cross. Don't forget Your configuration in metatrader (when enabled)
* SoundAlert (default = false) — If True = sound is emitted when a cross would be
Download Indicators:
** Aroon Up & Down: Metatrader 4
** Aroon Up & Down: Metatrader 5
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