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Aroon Oscillator 3 AM Ind MT4

FREE

Published: 27 September 2024

Current version: 1.0

Aroon Oscillator 3 AM Ind MT4

The presented indicator is the author's implementation of the classic Aroon oscillator.

The Aroon indicator was developed in 1995 by the Indian trader Tushar Chand.

Chand's origin played a role in choosing an unusual name for the oscillator.

"Aroon" is translated from Sanskrit as "Light of the morning dawn".

In the proposed version, the indicator is displayed as a familiar oscillator whose values oscillate around zero.

The presented version of the indicator allows you to choose the calculation method (based on the closing price or average price values).

Also, the presented indicator allows you to set up a signal line to identify points of strengthening or weakening the current trend.

Thus, the indicator gives signals both about a change in trend and about local changes.

The indicator signals are given at the moment the oscillator crosses its zero value and crosses the signal line.

The signals are marked both in the oscillator window and on the price chart.

The indicator allows you to configure sending notifications about its signals to a mobile terminal and e-mail.

Configurable parameters:

Aroon_Period - data period for calculating the indicator;
Aroon_Type - price type for calculating the indicator;
Shift_Signal_Line - shift of the signal line relative to the indicator;
M_Signal_on_Oscillator - display of the main signal on the oscillator;
A_Signal_on_Oscillator - display of an additional signal on the oscillator;
M_Signal_on_Chart - display of the main signal on the price chart;
A_Signal_on_Chart - display of an additional signal on the price chart;
Alerts - displays a dialog box containing information about the indicator signal;
Send_Notification - sends a notification to mobile terminals whose MetaQuotes ID is specified in the settings window on the "Notifications" tab;
Send_Mail - sends an email to the address specified in the settings window on the "Mail" tab;

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