Unlock the Power of Aroon Indicator with MT4 Coding - Beginner Friendly Tutorial Inside!

The Aroon indicator seeks to identify the strength of trend, both up and down, by the ratio of distance from the current candle to the most recent highest high or lowest low within a defined range of number of candles.

For example, using the default period setting of 25 if the highest high for the most recent 25 candles is at candle 1 then that is seen as a strong upward trend. if the lowest low in the same period is at candle 25 then that is a weak downward trend.

Both trends are plotted at the same time to allow for comparison.

This video is for MT4. There is a separate video for MT5 with a link in the description below

Download the code from our website linked below

Links:
Web: https://orchardforex.com/aroon-indicator-mt4-and-mt5
Investopedia: https://www.investopedia.com/terms/a/aroon.asp
MT5 version: https://youtu.be/Pa0Qr3QgTj4
Discord: https://orchardforex.com/discord/

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Aroon Indicator Metatrader 4 MQL4

Видео Unlock the Power of Aroon Indicator with MT4 Coding - Beginner Friendly Tutorial Inside! канала Orchard Forex