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Aroon_oscillator

GME going BEAST MODEGME - looking beastly on the daily and ready to move up. Bull flag looking similar to chart in early March. MACD ready to rip. Relative Strength Index strong but not oversold. Aroon 25 - settling in. Cycles lining up for a potential run higher. 90-day high to high for the last two rips and GME is coming up quickly on that algo prediction/date. Note - GME hitting the middle line of the Regression Channel from before the January high - it just needs to break through. IMO very soon. Not financial advice.
NYSE:GMELong
by Akksujean
4
Aroon From ScratchHi traders! Today we gonna tell you about one of the most interesting indicators. As you know, trend is based on price action. Everything on the market based on price action, LMAO. Thus, it’s considerably important to define and extract some hidden states, that can play a huge role in trend predicting. Aroon is one of this hidden-state finders. The Aroon indicator is a technical indicator that is used to identify trend changes in the pric, as well as the strength of that trend. In essence, the indicator measures the time between highs and the time between lows over a time period. The idea is that strong uptrends will regularly see new highs, and strong downtrends will regularly see new lows. The indicator signals when this is happening, and when it isn't. The indicator consists of the "Aroon up" line, which measures the strength of the uptrend, and the "Aroon down" line, which measures the strength of the downtrend. Formulas for the Aroon Indicator Aroon Up(orange)= (x-periods since last high in x period) /x*100 where x – number of periods. Aroon Down(blue)= (x-periods since last low in x period)/x*100 where x – number of periods. How to use it? We use it in two ways: crossovers and parallel state. When Aroon Up and Aroon Down draw a parallel channel, we can make a conclusion that market is choppy and it would be better to avoid entering. Crossovers can signal entry or exit points. Up crossing above Down can be a signal to buy. Down crossing below Up may be a signal to sell. When both indicators are below 50 it can signal that the price is consolidating. New highs or lows are not being created. Traders can watch for breakouts as well as the next Aroon crossover to signal which direction price is going. As for the parameters, we use on 15M timeframe Aroon with the length 10 on 4H. It gives us less signals, but they are very strong. You can tune it in depending on your purposes and goals of strategy.
Education
by Skyrexio
AUDUSD 4H AROON PULLBACKS & TREND TRADING STRATEGY#3 Aroon Pullback & Trend Trading Strategy The Aroon-Up continuous reading close to the 100 level is an indication of a very strong trend. However, at some point in time one or two trade scenarios can happen: To expect a trend reversal Or, to expect a pullback The Aroon interpretation of this type of reading suggests that we’ve been forming these higher highs for a very long period of time. For Aroon-Down we would be forming lower lows. Often times these excessive readings on the Aroon oscillator signals the presence of a strong trend. However, if you’re looking to just scalp the market, you can exit your trade as soon as the Aroon-Up crosses below the centerline. But, we’re looking to trade with the trend. And, we have developed a proven way to differentiate between a pullback and a full reversal. We call it the law of effort vs. result. The effort is the activity measured by the Aroon lines (in our case Aroon-Up). And, the result is the activity measured by the price action. The theory is that if the Aroon-UP resets itself by moving away from the 100 readings and going to 0 readings, the price should follow the lead of the Aroon-Up reading. We would expect the effort put to translate into lower prices. If it does not, and we see only a slight change in the price, we know the uptrend is very strong. This is how you can catch pullbacks with Aroon and trend trading. We combined the Aroon trend strength strategy and Aroon pullback trading strategy into one big market edge.
Long
by Tradingstrategyguides
EURJPY 4H AROON BREAKOUT TRADING STRATEGY#1 Aroon Breakout Trading Strategy How to spot consolidation and trade breakouts with Aroon? When Aroon Up and Aroon Down lines are parallel to each other it’s a signal that the price is consolidating. The Aroon interpretation is that no new highs or lows are made during the default period. You have two options to trade consolidations. Wait for the breakout to happen and take the trade in the direction of the breakout. Or, wait for the Aroon crossover followed by a centerline cross to add more confluence for the direction of the trade. More often these Aroon signals will happen before the actual breakout. So, you basically anticipate the breakout. This is like front running all market participants. You get to enter a trade before anyone else.
Long
by Tradingstrategyguides