How to Add Aroon Indicator on MT4 Charts - Adding MT4 Aroon Oscillator
Step 1: Open Navigator Window on Forex Software
Open Navigator panel as shown and illustrated below: Go to 'View' menu (click on it), then choose 'Navigator' panel (click), or From Standard Tool-Bar click the 'Navigator' button or press keyboard shortcut keys 'Ctrl+N'
On Navigator panel, choose 'Indicators', (DoubleClick)
How to Add Aroon Indicator on MetaTrader 4 - MT4 Aroon Indicator
Step 2: Expand the Indicators Menu on the Navigator - Adding Aroon Oscillator MT4
Expand the menu by clicking the expand button marker (+) or double click the 'indicators' menu, after this the button will appear as (-) and will now display a list as shown below - select the Aroon Oscillator chart indicator from this list of indicators so as to add the Aroon Oscillator indicator on the chart.
How to Add Aroon Indicator - From the Above window you can then place Aroon Oscillator indicator that you want on the chart
How to Add Custom Aroon Indicator to MetaTrader 4
If the indicator you want to add is a custom indicator - for example if the Aroon Oscillator indicator you want to add is a custom indicator you will need to first add this custom Aroon Oscillator indicator on the MT4 platform & then compile custom Aroon Oscillator indicator so that the newly added Aroon Oscillator custom indicator pops up on the list of custom indicators on MT4 software.
To learn how to install Aroon Oscillator indicators on MT4, how to add Aroon Oscillator indicator window to MT4 and how to add Aroon Oscillator custom indicator in MT4 - How to add a custom Aroon Oscillator indicator in MetaTrader 4.
About Aroon Oscillator Indicator Guide
Aroon Oscillator Analysis & Aroon Oscillator Signals
Calculated from Aroon Indicator.
Calculation
The oscillator is calculated by subtracting Aroon DOWN from Aroon UP.
The Oscillator oscillates between -100 & +100, this is because both Aroon UP & Aroon DOWN moves between Zero & 100.
Technical Analysis and How to Generate Signals
Buy Signal
The Oscillator gives a technical buy signal when it goes above the Zero line. The further it is from zero the stronger the up trend
The indicator highlights price is gaining momentum if it keeps heading toward +100, & momentum is reducing if it is approaching the Zero mark.
Sell Signal
The Oscillator gives a technical short signal when it goes below the Zero line. Further it is from zero the stronger the down trend
The indicator highlights price is gaining momentum if it keeps moving toward -100, and momentum is reducing if it is approaching the Zero mark.
Aroon Indicator Buy & Sell Signals - Aroon Indicator
