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- Published:
- 2016.11.03 15:27
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The Aroon indicator is a technical indicator used for identifying trends in an underlying security and the likelihood that the trends will reverse.
It is made up of two lines:
- one line is called "Aroon up", which measures the strength of the uptrend,
- and the other line is called "Aroon down", which measures the downtrend.
![Elder Auto Envelopes V2](https://c.mql5.com/i/code/indicator.png)
The auto envelope automatically sizes channels by calculating a standard deviation for the last n bars.
![Normalized MACD](https://c.mql5.com/i/code/indicator.png)
This version is an attempt to normalize MACD in known bounds
![Aroon on chart](https://c.mql5.com/i/code/indicator.png)
The version of Aroon indicator that displays colored line, bars or candles on the mains chart.
![Aroon oscillator on chart](https://c.mql5.com/i/code/indicator.png)
The version of Aroon oscillator, displayed on the main chart.