CitiFX Pro News - AROON Oscillator

 

CitiFX Pro News - How-to Guides

AROON Oscillator
03.01.2012

Trading > Charts > > Oscillators > AROON Oscillator (ARO)

The AROON Oscillator indicator uses AROON Up/Down to calculate the strength of a current trend and the likelihood that this trend will continue. The calculation is Aroon Up – Aroon Down. Readings above 0 indicate that an upward trend is present, whereas readings below 0 indicate the instrument is on a downtrend. Many traders will set alerts for when the FX instrument has just crossed above the 0 line – this suggests the beginning of a new uptrend (buy). Similarly, if the indicator starts to drop below the zero line this suggests the very start of a downtrend (sell). Readings near zero would suggest that the instrument is trending sideways and that this period of consolidation is set to continue.

As you can see from the graph below we have applied the AROON Oscillator to a EURUSD chart. If you wish to adjust the settings of the indicator simply click on the indicator on the top left and select ‘Properties’. From here you adjust how the indicator is calculated and how it displays on the chart.

There are numerous ways to export the study once you’re happy with the setup. If you wish to refer back to the study, simply right-click on the chart, go Chart >:  This will save the study as a StdSP file which means you can re-open it on the Citi FX Pro platform at any time. You may also wish to export it into another document, to do this click: This places the study on your computers clipboard, allowing you to past it into a word document or email.

If you wish to save the AROON Oscillator as an image, click on:

CitiFX Pro Tutorials

SIGN UP FOR A FREE DEMO

I have read and agree to the terms of the Processing of Your Personal Data notice. I have read and agree to the Terms of Use
and I accept that Citi may contact me via phone or e-mail with information on CitiFX Pro. Tryout of the demo does not guarantee account acceptance..

 

 

 

 

Press Room - News and updates for members of the press

Trading foreign exchange involves a high degree of risk. CitiFX Pro offers trading on margin. The leverage created by trading on margin can work against you as well as for you, and losses can exceed your entire investment. Before opening an account and trading, you should ensure that you understand the risks and can withstand the losses and that you seek advice from your advisors as appropriate.In the United States, CitiFX Pro is a service offered by Citibank N.A., New York, 390 Greenwich Street, New York, NY 10013. Citibank N.A. is an entity organized under the laws of the United States of America.Please review the Risk Disclosure and Privacy Disclosure carefully before opening an account.
Copyright © 2012 Citigroup Inc.