Summary of "馃摜 Aroon Oscillator in MetaTrader 4&5 - Free Download - [TradingFinder]"
The video tutorial explains the use and download of the Aroon Oscillator indicator for MetaTrader 4 and 5 platforms, available on the TradingFinder website. The indicator helps traders identify bullish and bearish market trends by analyzing the crossover of two lines: a blue bullish/reversal line and a brown bearish/reversal line.
Main Financial Strategies and Market Analysis:
- Trend Identification:
- When the blue line crosses above the brown line, it signals a bullish reversal (uptrend).
- When the blue line crosses below the brown line, it signals a bearish reversal (downtrend).
- Strength of Trends:
- If the blue line crosses the brown line upwards and is above the 70 level, it indicates a strong bullish trend.
- If the brown line crosses above the blue line and is above the 70 level, it indicates a strong bearish trend.
- Ranging Market:
- When both lines overlap and remain between the 30 and 70 levels, the market is considered to be in a non-trending or ranging phase.
Methodology / Step-by-Step Guide to Use the Indicator:
- Download the Aroon Oscillator file from the TradingFinder website for MetaTrader 4 or 5.
- Open the Navigator section in MetaTrader and select the indicator file.
- Apply the indicator to the chart by clicking on it and ensure the "Allow DLL Imports" option is enabled in the settings.
- The oscillator window appears below the price chart showing the blue and brown lines.
- Customize display settings by choosing a theme/template:
- Light mode
- Dark mode
- Custom mode (retains user鈥檚 existing template)
- Adjust the indicator period (default is 14):
- Higher values display longer-term trends but fewer crossovers, resulting in delayed signals.
- Lower values display shorter-term trends with more frequent signals.
- Example given: setting the period to 21 and choosing the dark template changes the chart appearance and indicator sensitivity.
Presenters / Sources:
- The tutorial is presented by TradingFinder (no individual presenter named).
Category
Business and Finance
