I decided to enjoy the AROon indicator on the price schedule in order to determine the potential of already known trends. Please tell us how to interpret this data correctly?
Despite the external complexity, this tool is quite easy to use. Interpreting the Aroon indicator fbs.com/analytics/guidebooks/aroon-indicator-trading-strategy-356 is quite simple, it all depends on the two curves as well as the levels of the oscillator. As for the two curves, we can interpret them as follows : If the Aroon Up line is above the Aroon Down line, it indicates a strong uptrend. If the Aroon Down line is above the Aroon Up line, it indicates a strong downtrend. More details can be found on the FBS broker website.
