How to Set Aroon on MetaTrader 4 Charts - Adding MT4 Aroon Oscillator

Step 1: Open the Navigator Window on Forex Software

Open Navigator panel just as shown: Go to 'View' menu (click on it), then select 'Navigator' window (click), or From Standard ToolBar click the 'Navigator' button or press key board short-cut keys 'Ctrl+N'

On Navigator panel, choose 'Indicators', (DoublePress)

How Do I Add Aroon on the MT4? - How Do I Use Aroon Indicator?

How to Add Aroon in MT4 Platform - MT4 Aroon Indicator

Step 2: Expand the Indicators Menu on the Navigator - Adding Aroon Oscillator MT4

Click the expand button with the plus sign to open the indicators menu. Or double-click the indicators list. The button changes to a minus sign. It now shows the full indicator list below. Choose the Aroon Oscillator from there. This adds the Aroon Oscillator tool to your chart.

How Do You Use Aroon Indicator? - Is Aroon Forex Indicator a Leading or Lagging Indicator

To add Aroon, use the menu above to place the Aroon Oscillator onto your technical chart for analysis.

How to Set Custom Aroon to MT4

If you want to add a custom indicator, like the Aroon Oscillator, you first need to add this indicator to the MT4 software and then compile it. This way, the Aroon Oscillator will show up in your list of custom indicators in MetaTrader 4.

To learn how to install Aroon Oscillator indicators on the MetaTrader 4 Platform, how to add Aroon Oscillator indicator window to MT4 and how to add Aroon Oscillator custom indicator on MetaTrader 4 Platform - How to add a custom Aroon Oscillator technical indicator in the MT4.

About Aroon Oscillator Indicator Guide Lesson

Aroon Oscillator Analysis & Aroon Oscillator Indicator Signals

Calculated from Aroon Indicator.

Calculation

The oscillator trading is calculated by subtracting the Aroon DOWN from Aroon UP.

The Oscillator fluctuates within the range of -100 to +100, a result of both the Aroon UP and Aroon DOWN components registering values between Zero and 100.

Aroon Oscillator Analysis Explained - Aroon Forex Indicator - Adding MT4 Aroon Indicator

Technical Analysis and How to Generate Trading Signals

Buy Signal

The oscillator signals a buy when it moves above the zero line. The farther from zero, the stronger the uptrend.

The indicator shows that the price is getting stronger if it keeps going toward +100, and the strength is getting weaker if it nears Zero.

Sell Signal

The Oscillator shows a short signal when it goes below the zero line. The farther from zero, the stronger the downward trend.

The indicator highlights price is gaining power if it keeps moving toward -100, and momentum is decreasing if it is approaching the Zero mark.

Aroon Buy & Sell Signals - Is Aroon a Leading or Lagging Forex Indicator?

Aroon Buy & Sell Signals - Aroon Indicator

Get More Courses and Topics:

Trade Forex Trading