The Aroon indicator determines if a coin is trending and how strong. It works by measuring the time periods since the last x-day high or low.
Aroon is an Indicator that has the following formula:
Aroon-Up = ((25 - Days Since 25-day High)/25) x 100
Aroon-Down = ((25 - Days Since 25-day Low)/25) x 100
- Exchange Website to monitor (Pro Tip: It doesn't have to be the same exchange you are currently trading on)
- Currency Pair to monitor for trade signals.
- Update Speed
- Trade Signals
- Number of candles (or time periods) before an action is taken.
This Indicator is useful for determining the overall trend or looming trend reversal.