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Aroon XAUUSD Indicator Analysis and Aroon Gold Indicator Signals

Developed by Tushar Chande


This indicator is used to determine if a trading instrument is trending or not.


It is also used to indicate how strong the gold trend is.


It is also used to identify the beginning of a trend, the name its name which means morning or dawn.


This indicator has two lines:


  • Aroon UP Indicator

  • Aroon DOWN Indicator


Aroon UP Indicator

Percentage of time between the start of a time period and the highest point that xauusd price has reached during that period.


If xauusd price sets a new high, Aroon UP Indicator will be 100 - for each new high it will stay at 100. However, if xauusd price moves down by a certain percentage, then that percentage is subtracted from the 100 and Aroon UP Indicator starts to move down. This means that if Aroon UP Indicator stays at 100 then xauusd price is making new highs but when it starts to move down then xauusd price is not making new highs.


If however xauusd price is making new lows for a particular xauusd price period then Aroon UP Indicator will be at zero

Aroon Up- XAUUSD Indicator



Calculation

Aroon UP Indicator is a percentage of time between xauusd price period and highest point.


If you use 10 xauusd price periods for calculation:


Example 1: Highest xauusd price was 1 day ago

Then if the highest point was yesterday, i.e. 1 day before then

10 xauusd price periods minus 1 day= 9

9/10 in percent terms = 90

Aroon UP Indicator will be at 90


Example 2: Highest xauusd price was 5 days ago

If the highest point was 5 days ago then

10 xauusd price periods minus 5 = 5

5/10 in percent = 50

Aroon UP Indicator will be at 50


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Aroon DOWN Indicator

This is calculated the same as Aroon UP Indicator but this time using the lowest point instead of the highest point.


When a new low is set Aroon DOWN Indicator is at 100 and when a new high is set it will move to zero.


Aroon Down- XAUUSD Indicator



XAUUSD Trading Analysis and Generating XAUUSD Trading Signals


This indicator uses the 50 % level to measure momentum of the trend.


Buy Gold Trading Signal and exit signal

Aroon UP Indicator above 50 is a technical buy gold trading signal


Aroon UP Indicator dipping below 50 is an exit signal if you had opened a buy gold trade.


Sell Gold Trading Signal and exit signal

Aroon DOWN Indicator below 50 is a technical sell gold signal.


Aroon DOWN Indicator rising above 50 is an exit signal if you had opened a sell gold trade.


Buy Sell XAUUSD Trading Signal

Buy and Sell Gold Trading Signals

 

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