Aroon Oscillator Analysis and Aroon Oscillator Trading Signals
Calculated from Aroon Technical Indicator.
Calculation
Oscillator is calculated by subtracting Aroon DOWN Indicator from Aroon UP Technical Indicator.
The Oscillator oscillates between -100 & +100, this is because both Aroon UP Indicator & Aroon DOWN Indicator moves between Zero and 100.
Gold Analysis and How to Generate Signals
Buy Trade Signal
The Oscillator Indicator gives a trading buy signal when it goes above the Zero line. The further it is from zero the stronger the up-trend
The technical indicator highlights price is gaining momentum if it keeps moving toward +100, & momentum is reducing if it's approaching the Zero mark.
Sell Trading Signal
The Oscillator Technical gives a trading short signal when it goes below the Zero line. Further it's from zero the stronger the down trend
The technical indicator highlights price is gaining momentum if it keeps heading toward -100, and momentum is reducing if it's approaching the Zero mark.
Buy & Sell Signals
More Tutorials and Lessons:
- How Do You Read 61.8% Fib Expansion Level?
- Introduction To Gold
- Ultimate Oscillator Gold Indicator
- What is Margin Level in MT5 Trading Software?
- Gold Online
- Desktop Software MetaTrader Software Versions
- Gold Strategies using Gold Price Action Patterns with Moving Averages XAU USD Price Action Patterns Trading Indicator
- Moving Average Crossover Gold Method
- How Do You Read Rising Wedge Chart Pattern?
- How to Trade MetaTrader 4 Downwards Gold Trend-line on MT4 Platform
