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.
Supported Trade Types
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.
Number of candles (or time periods) before an action is taken.
This Indicator is useful for determining the overall trend or looming trend reversal.