Aroon Oscillator Indicator

Aroon Oscillator Indicator

Identify reliable buy/sell signals using the best Aroon Oscillator trend indicator for MT5. Determines market highs/lows and predicts future price trends on MTF charts.

Aroon Oscillator is an automatic trend signal generator designed for trend following traders in forex and stocks. It supports MTF charts and is suitable for any trading strategy compatible with MT5 platforms.

It carefully monitors price changes, determines the current market dynamics and gives accurate forecasts for the next trend move. In addition, you can easily create a trend based trading strategy by combining the indicator with one or more signal filters.

This Aroon Oscillator trading guide explains how to use this Super MT5 trend indicator to predict highly probable buy/sell signals.

How to trade forex and stocks using the Aroon Oscillator indicator in MT5
By using the Aroon oscillator to assess possible trading opportunities, you can use several trading strategies at the same time.

For example, you can add moving averages and select only trend following signals. Alternatively, using the Aroon Oscillator signals along with a support/resistance tool can also be an ideal trading approach.

Look for long entries when the signal line moves above zero. Conversely, if you counter a signal line falling below the red zero level, consider good opportunities to sell in the wake of a bearish market trend.

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

Conclusion
From a technical point of view, the Aroon Oscillator is one of the simple trend oscillators that works great with any trend following trading strategy. Its leading trend signals with higher accuracy offer great help for newbies planning to enter the financial markets, especially forex and stock trading.