Aroon Up & Down MetaTrader indicator — detecting the local tops and bottoms of the chart it was applied to, this indicator provides the signals for buying and selling the currency pairs when they rise up from the bottom and fall from the top. The cross of the indicator lines provide a good signal to take the profit or to exit with a minimum loss. This indicator can send sound and e-mail alerts on the cross. It is available in both MT4 and MT5 versions.
As you see, trading is quite easy if you follow this indicator. Just buy when the blue line rises from the bottom and the red one is near the middle of the range; sell when the blue line falls from the top and the red one is near the middle of the range. Exit for profit or for minimum loss when the red line reaches the opposite side of the range.
Warning! If you do not know how to install this indicator, please read the MetaTrader Indicators Tutorial.
Do you have any suggestions or questions regarding this indicator? You can always discuss Aroon Up & Down with the other traders and MQL programmers on the indicators forums.