Aroon indicator measures the trend strength and helps forex traders to see probable trend changes. Aroon indicator is a powerful tool when it comes to detect trend reversals.
Aroon indicator is composed of two lines. Aroon up (the blue line) and Aroon down (the red line). Aroon up displays the bullish power and Aroon down displays the bearish power.
How to Trade With Aroon Up Down:
Buy Signal: Wait for Aroon up to cross over Aroon down (and Aroon up has to be 100).
Sell Signal: Wait for Aroon down to cross over Aroon up (and Aroon down has to be 100).