Aroon Indicator (Titan_multi_aroon)
Indicator Overview
What is Aroon?
Aroon is an indicator that displays two lines called Aroon Up and Aroon Down on the sub-chart for analysis.
Aroon Up indicates how recently the period's highest price was reached, while Aroon Down shows how recently the period's lowest price was. Both are scaled from 1 to 100, where higher values indicate recent occurrence and lower values suggest distance from these points.
【Example of Titan_multi_aroon Display】
When Aroon Up continues to stick upwards, it suggests a continuing upward trend as new highs are being made within the period, while Aroon Down sticking upwards indicates a downward trend as new lows are being made.
【Example of Continuous High Aroon Up】
Displaying Aroon for Higher Timeframes
Thanks to its multi-timeframe capability, this indicator can display Aroon for higher timeframe charts. For example, you can display the Aroon from an hourly chart on a five-minute chart. This allows for analysis of short-term price movements while considering the long-term price direction.
【Example of Displaying Hourly Aroon on a Five-Minute Chart】
※ This indicator only works with the Windows version of TitanFX's MT5 and MT4.
Indicator Terms of Use
Only those who agree to all the following items may use the indicators distributed on this website (https://research.titanfx.com):
1.The indicators and related descriptions are based on various data believed to be reliable, but their accuracy and completeness are not guaranteed.
2.The data displayed by the indicators do not guarantee your investment results. Also, the displayed content may vary due to market conditions and communication environments.
3.Please make investment decisions using indicators at your own risk. We are not responsible for any disadvantages or damages arising from the use of indicators.
4.Specifications of the indicators are subject to change without notice. Changes will be announced on the indicator description pages, etc.
5.Indicators should only be used by customers who have downloaded them. Transferring or selling the indicators to third parties is prohibited.
Indicator Settings
Input (For MT5), Parameter Input (For MT4)
| Variable Name | Description | Default |
|---|---|---|
| Timeframe | Choose which timeframe's Aroon to display. Options include current, M5, M15, M30, H1, H4, D1, W1, MN. | current |
| Period | Choose the period to target. | 21 |
Color Settings (For MT5), Color Configuration (For MT4)
| MT5 | MT4 | Description |
|---|---|---|
| 0 | 0 | Color, thickness, and style of the Aroon Up line |
| 1 | 1 | Color, thickness, and style of the Aroon Down line |