You can also search for this author in PubMed Google Scholar. Bhogal, T. Foreign Exchange Rates. In: International Trade Finance. Finance and Capital Markets Series. Palgrave Macmillan, London. Publisher Name : Palgrave Macmillan, London. Print ISBN : Online ISBN : Anyone you share the following link with will be able to read this content:. Sorry, a shareable link is not currently available for this article. Provided by the Springer Nature SharedIt content-sharing initiative.
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Aroon indicator was elaborated by a famous Forex trader Tushar S. Chande in This economic indicator allows to forecast changes in prices, direction and force of a trend. This figure is used to determine if Forex trend fades and to forecast its further change or continuation.
Aroon indicator is represented by two color lines. AroonUp — shows a number of transitions from the moment of occurrence of intraday maximum. AroonDown - shows a number of transitions from the moment of occurrence of intraday minimum. AroonUp — is the red line , AroonDown — is the dark-blue line, both are measured within the range from 0 to For Aroon indicator there are 4 important levels: 0, 30, 70 and We also use third-party cookies that help us analyze and understand how you use this website.
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