The Aroon Indicator is a popular free Forex indicator for MT4 that is useful for analyzing the momentum of a currency pair. It is composed of two lines, Aroon Up and Aroon Down, that measure the strength of a trend over a given period of time. Aroon Up measures the number of periods since the highest high in the period, while Aroon Down measures the number of periods since the lowest low in the period. When the Aroon Up line is above the Aroon Down line, it indicates an uptrend, and when the Aroon Down line is above the Aroon Up line, it indicates a downtrend. The Aroon Indicator is a great tool for traders to use in their technical analysis. It helps traders identify strong trends and determine when a trend is likely to reverse. This can be useful for determining entry and exit points in a trade. Traders can also use the Aroon Indicator to determine the strength of a trend. If the Aroon Up line is above 50, it indicates a strong uptrend, and if the Aroon Down line is below -50, it indicates a strong downtrend. The Aroon Indicator is a great tool for traders of all levels. It is easy to use and can be a great addition to any trading strategy.

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