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: ![]()
