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Publié:

2018.07.09 12:40

AROON.mq5 (9.85 KB) afficher

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Indicator Aroon was developed by Tushar Chande in 1995 to evaluate trend strength. The indicator can be used to see when the existing trend can change its direction.

In fact, the indicator measures the time necessary for the price to reach its highest and lowest values within a certain time interval in percents of the total time. The indicator consists of the "Aroon up" line measuring uptrends and the "Aroon down" line measuring the strength of the downtrend.

There are three adjustable parameters:

Period - calculation period;
Overbought - overbought level;
Oversold - oversold level.

Calculation:

Aroon Up[i] = 100 * (Period - i + PosMax) / Period
Aroon Dn[i] = 100 * (Period - i + PosMin) / Period

where:

PosMax, PosMin - numbers of bars for the highest and lowest prices within the predefined Period.

Traduit du russe par MetaQuotes Ltd.
Code original : https://www.mql5.com/ru/code/21022

Candle_Code

Indicator Candle Code displays in a separate window the "code" of candlesticks as lines built on the ratio of each candle's parameters.

CaudateCandle

The indicator highlights caudate candlesticks of the "hammer" or "inverted hammer" type, the body of such candlestick being in the upper or lower half of the candlestick

BBB

Indicator Bull And Bear Balance.

Cutler_RSI

Cutler's RSI.

AROON - indicateur pour MetaTrader 5