Forex Aroon Moving Average MT4 Indicator

Forex Aroon Moving Average MT4 Indicator:

About the Forex Aroon Moving Average MT4 Indicator

Aroon and Moving Average

A combination of Supertrend and Moving Average to create a converging trade setup

Input parameters:

  • signal mode: set it to true if you want to plug it into¬†STAT (Signal Tester and Trader)
  • arrow shift: distance between fast EMA line to arrow on chart
  • turn on price line filter
  • turn on moving average signal for converging setup
  • aroon period
  • MA period
  • MA averaging method
  • MA pricing method
  • upper level limit (Aroon)
  • lower level limit¬†(Aroon)

Test results:

Forex Aroon Moving Average MT4 Indicator

 

Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

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