This script is the beta version of the Aroon Pivots for testing purposes and is not intended to be used in real trading.
========= AROON PIVOTS =========
The purpose of this script is to use the power of the Aroon Lines to determine when trends or portions of a trend have reached a certain level of exhaustion, which in turn can help discover pivot points or...
It is a highly optimized script for H4, D1. Backtests from (2016 - 2019, depending on the currency pair). Optimization still
Following alerts can be activated:
Buy Signal (Aroon)!
Sell Signal (Aroon)!
Buy Signal (DMI)!
Sell Signal (DMI)!
Buy Signal (RWI)!
Sell Signal (RWI)!
The Aroon indicator was developed by well-known technical analyst Tushar Chande in 1995 and is used to identify trend changes in the price of an asset, as well as the strength of that trend. The fact that he named the indicator "Aroon" which is Sanskrit for "Dawn’s Early Light" demonstrates his belief in his indicator's trend discovery...
The Aroon indicator is a technical indicator that is used to identify when trends are likely to change direction.
In essence, the indicator measures the time it takes for the price to reach the highest and lowest points over a given timeframe as a percentage of total time.
The indicator consists of the "Aroon up" line, which measures the strength of the uptrend,...
mfree $PEACOCK$ Aroon Up/Down alert. Lower Part. OST Olimp Trade. Binary Options
// Includes: indicator Aroon, alert on increase and decrease of the trend.
// The entry signal:
// when the green line crosses the 70 level from below upwards, and the red line crosses the 30 level from top to bottom. And Vice versa. Forms a...