Summary of 📥 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’s 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).

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Business and Finance

Video