The trend-following oscillator Aroon measures the strength of a trend. Tushar Chande (an Indian trader) developed the Aroon indicator in 1995. Chande’s origins played a role in the choice of an unusual name for the oscillator, as the Sanskrit meaning of ‘Aroon’ is ‘the first ray of the morning sun.’ This article covers the Aroon indicator in detail, describing its features, trading signals, and the use of the tool in real trading.
Aroon indicator definition
The Aroon indicator is used in the Forex (foreign exchange) trading and trading binary options to identify trend and the direction of… Read full author’s opinion and review in blog of #LiteFinance
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