The technical indicator MT5 Aroon Horn HTF is based on the values of Aroon up strength indicators and Aroon Down
The stock indicator Aroon Horn HTF is a trading tool consists of:
- Aroon Up: upward curve measuring the force of the bulls or buyers, calculated on the highest and the number of periods since the last highest
- Aroon down: irregular curve measuring the force of bears or sellers, calculated on the lower and the number of periods since the last lowest.
HTF or Higher Time Frame: option to select a time frame ( time unit UT ) different from the time frame of the current chart to calculate the indicator.
The Technical simultaneous analysis of several time frames allows the investor to accurately identify the general trend of short-term market and to anticipate long-term points of entry and exit positions with a global vision of the market.
If the signals correspond to the different time frames, the probability of success increases: the trading signal is stronger and more reliable.
included
aroonhorn_htf.mq5
aroonhorn.mq5
Broker Online - Broker Exchange : Platform Trading Metatrader MT5
Interpretation Rules - Signals From Trading
* Buy signal: Feeling trend bull market - buyer Courant
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The curve Aroon Up is above the curve Aroon Down - Trend bullish . The curve Aroon Up is above level 70 - Trend bullish
* short sale signal: Feeling trend bear market - current vendor
. The curve Aroon Down is above the curve Aroon Up - Trend bearish
. The curve Aroon Down is above level 70 - Trend bullish
Read more about the rules and trading signals:
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