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Aroon Classic 3 AM Ind MT4

FREE

Published: 7 October 2024

Current version: 1.50

Aroon Classic 3 AM Ind MT4

Indicators
Andriy Matviyevs'kyy
Version: 1.50
Updated: 7 October 2024

A fair assessment, reviews and comments are the best gratitude to the author of this product for the work done.

I would be glad to receive any constructive suggestions and comments.

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

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

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".

The indicator allows you to select the calculation method (based on the closing price or maximum / minimum price values).

The indicator also allows you to set up a signal line to identify points of strengthening or weakening the current trend.

Thus, the indicator signals both a change in trend direction and local changes in trend strength.

Indicator signals:

A signal about a change in trend direction is given after the oscillator crosses its zero value;
A signal about strengthening / weakening the current trend is given after the oscillator crosses the signal line.

The indicator does not repaint on fully formed bars.

The indicator signals are sent after the bar on which the signal appeared has finished forming.

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

The indicator allows you to set up notifications about your signals to your mobile terminal and email.

Configurable parameters:

Aroon_Period - period of data for indicator calculation;
Aroon_Factor - a parameter that affects the sensitivity of the indicator (cannot be greater than Aroon_Period - 2);
Aroon_Type - price type for indicator calculation;
Signal_Line - value for signal line (0-100) ;
Number_of_bars_calculated - number of bars on which the indicator will be calculated and displayed (> 300);
M_Signal_on_Oscillator - display of the main signal on the oscillator;
A_Signal_on_Oscillator - display of the additional signal on the oscillator;
M_Signal_on_Chart - display of the main signal on the price chart;
A_Signal_on_Chart - display of the 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.

Best wishes,

Andriy Matviyevs'kyy

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Version 1.50 2024.10.07

The indicator has been updated to version 1.5.
1. The indicator display style has been changed.