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AROon
Apr 13, 2022 16:05:32 GMT 5.5
Post by Norby on Apr 13, 2022 16:05:32 GMT 5.5
Welcome all! The other day I became interested in such an indicator for the price schedule called AROon. Please tell us how to use it?
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AROon
Apr 13, 2022 16:05:50 GMT 5.5
Post by Madon on Apr 13, 2022 16:05:50 GMT 5.5
In principle, there is nothing complicated in using this technical tool. The Aroon indicator fbs.com/analytics/guidebooks/aroon-indicator-trading-strategy-356 consists of two lines, Aroon Up and Aroon Down. The indicator is based on a certain period of time, which can be changed. At the same time, for Aroon Up, the highest price value for 14 days is taken and a number is determined on a scale from 0 to 100. For Aroon Down, everything is exactly the opposite, only the lowest price value is taken. The purpose of this number on a scale from 0 to 100 is to determine, in digital form, the strength of the trend, if any. The closer, as a result, the line to 100, the stronger the trend.
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