Aroon technical indicator is a useful forex indicator used in technical analysis by most traders. This indicator can determine prices fluctuations from the market trend state to the sidewalks state.

The Aroon indicator is used to determine whether a currency exchange rate following a trend or sideways and measure the trend strength. If the currency of the rate increase for the end of this period is approaching and the contrary.

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From Investopedia
A technical indicator developed by Tushar Chande in 1995, to identify trends in a base value and the likelihood that the trends reverse. It consists of two lines: a line is called “Aroon-up”, which measures the strength of the upward trend, and the other line is “Aroon Down”, which measures the downward trend. (full article)

From Traderslog
Aroon is a Sanskrit word with the importance of early dawn light, or the change from night to day. The Aroon indicator was developed by Tushar Chande in the middle of 1990. Aroon is a trend indicator used to determine whether a security moves in a trend or an area, but also about the strength of the trends. (full article)

From Forexrealm
Aroon indicator is constructed on calculation of periods number, those which have passed from the moment of Maximum and minimum within the time range of periods. (full article)