Aroon Cryptocurrency Indicator Analysis and Aroon Bitcoin Indicator Signals

Developed by Tushar Chande

This btcusd indicator is used to determine if a trading instrument is trending or not.

It is also used to indicate how strong the bitcoin trend is.

It is also used to identify the starting of a trend, the name its name which means morning or dawn.

This btcusd indicator has two lines:

Aroon UP Indicator
Aroon DOWN Indicator

Aroon UP Indicator

Percentage of time between the start of a time period and the highest point that bitcoin trading price has reached during that period.

If bitcoin trading price sets a new high, Aroon UP Indicator will be 100 - for each new high it will stay at 100. However, if bitcoin trading price moves down by a certain percentage, then that percentage is subtracted from the 100 and Aroon UP Indicator starts to move down. This means that if Aroon UP Indicator stays at 100 then bitcoin trading price is making new highs but when it starts to move down then bitcoin price isn't making new highs.

If however bitcoin trading price is making new lows for a particular bitcoin trading price period then Aroon UP Indicator will be at zero

Aroon Up- Bitcoin Indicator - Aroon BTCUSD Indicator Analysis in BTCUSD Charts - Aroon Technical BTCUSD Indicator

Calculation

Aroon UP Indicator is a percentage of time between bitcoin price period & highest point.

If you use 10 bitcoin trading price periods for calculation:

Example 1: Highest bitcoin price was 1 day ago

Then if the highest point was yesterday, i.e. 1 day before then

10 bitcoin price periods minus 1 day= 9

9/10 in percent terms = 90

Aroon UP Technical Indicator will be at 90

Example 2: Highest bitcoin price was 5 days ago

If the highest point was 5 days ago then

10 bitcoin trading price periods minus 5 = 5

5/10 in percent = 50

Aroon UP Technical Indicator will be at 50

Aroon DOWN Indicator

This is calculated the same as Aroon UP Technical Indicator but this time using the lowest point instead of highest point.

When a new low is set Aroon DOWN Indicator is at 100 & when a new high is set it will move to zero.

Aroon Down- Bitcoin Indicator - Aroon BTCUSD Crypto Indicator Analysis in BTCUSD Charts - Aroon BTCUSD Indicator

Bitcoin Analysis & Generating Trading Signals

This btcusd indicator uses the 50% level to measure momentum of the trend.

Buy Bitcoin Signal and exit signal

Aroon UP Indicator above 50 is a technical buy bitcoin trading signal

Aroon UP Indicator dipping below 50 is an exit signal if you had opened a buy bitcoin trade.

Sell Bitcoin Signal and exit signal

Aroon DOWN Indicator below 50 is a technical sell bitcoin trade signal.

Aroon DOWN Indicator rising above 50 is an exit signal if you had opened a sell bitcoin trade.

Aroon Bitcoin Indicator - Aroon BTCUSD Crypto Indicator - Place Aroon Trading Indicator on Trading Chart

Buy & Sell Trading Signals