Aroon Oscillator

Aroon Oscillator – is a Momentum indicator, which shows strength of the current trend and duration of its potential. It is based on the Aroon indicator. If the Aroon Oscillator line is above zero, it is an assumed signal for buying. If the Aroon Oscillator line is below zero, it is an assumed signal for selling. The farther the oscillator line from the zero level, the stronger the trend is. If the indicator value is near the zero line, there is no trend in the market.

How the indicator looks like in the chart:

The indicator has the following parameters:

Settings

Period - setting the indicator period value.

Drawing

Panel - selection of the indicator location in the chart:

• New panel
• Chart

Aroon

Show value - shows the indicator value on the price scale.

Show zero values - showing zero values.

Scale - if this option is ON, the scale will be calculated automatically based on the minimum and maximum indicator values, so that the indicator would be accommodated in the chart.

Color

Visual type - visual setting of the indicator display in the chart:

• Line
• Histogram
• Hash
• Block
• Cross
• Square
• Dots
• Up arrow
• Down arrow
• Axis label
• Hide

Line style - setting of the line display style:

• Solid
• Dash
• Dot
• Dash - dot
• Dash - dot - dot

Width - setting of the indicator line width.