Aroon Indicator | Aroon indicator and Moving Average Very Powerful Trading Strategy

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  • Опубликовано: 11 ноя 2024
  • Aroon indicator which is a very important indicator for stock market as well as for forex. Aroon indicator is one type of momentum oscillator. It keeps oscillating between 0 to 100 value. There are two lines in the aroon indicator. The first is aroon up which is indicated by green color and second is aroon down which is indicated by red color.
    The Aroon indicator is used to identify the trend of the stock price. when the aroon up is above the aroon down, it is called that the stock is in the uptrend. similarly, when the aroon down is above the aroon up, it is called that the stock is in the downtrend. when the both the aroon up and aroon down lines are parallel to each other then it is called that the stock price is in the consolidation or in the sideways trend. we should not make any trade during this sideways trend.
    Here in this video, we will talk about the bullish and bearish crossovers. In our strategy, we will make the combination of the aroon indicator and the moving average. We will discuss the conditions for the buy and sell setup and after that we will take example for the buying and selling.
    #aroonindicator #movingaverage #forex

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