Aroon Oscillator V1 Indicator

Aroon Oscillator V1 Indicator

Identify solid buy-sell signals using the best trend Aroon Oscillator V1 indicator for MT4. Determines market highs/lows and predicts upcoming price trends on MTF charts.

The Aroon Oscillator V1 represents an automatic trend signal generator developed for trend-following traders in forex and stocks. It supports MTF charts and suits any trading strategy compatible with MT4 platforms.

It deeply monitors the price action changes, determines current market momentum, and delivers accurate predictions over the next trend movement. Besides, you can easily create a trend-based trading strategy by merging the indicator with one or several signal filters.

This Aroon Oscillator V1 trading guide explains how to apply this super MT4 trend indicator for anticipating highly probable buy-sell signals.

How to trade forex and stocks using the Aroon Oscillator V1 indicator in MT4

While applying the Aroon Oscillator V1 to assess possible trading opportunities, you can simultaneously move on with multiple trading strategies.

For instance, you may add moving averages and only pick trend-following signals. Alternatively, using the Aroon Oscillator signals alongside the support/resistance tool can also be an ideal trading approach.

Look for long entries when the signal line moves above zero, and the indicator bars turn blue. Contrarily, If you counter the signal line diving below the zero-level with red bars, consider solid sell opportunities following the bearish market trend.

In the above GBP/USD hourly chart, we wanted to focus on only buy opportunities since the price was initially moving within a bullish trend. As you can see, each time the price exceeded the short-term trendline resistance after a pullback, the indicator plotted a bullish trend signal confirming a buy order.

Conclusion
From a technical perspective, the Aroon Oscillator V1 is one of the simple trend oscillators that works perfectly alongside any trend-following trading strategy. Its leading trend signals with higher accuracy offer excellent assistance to beginners planning to step into financial markets, especially in forex and stock trading.