AROON bot
0
People bought
Min. Amount of investment
25
Profit
High
Bot lifespan
30-90 days
AROON bot

The AROON bot places orders based on the AROON indicator within the range from 0 to 100. A buy signal is formed when the price line reaches the upper limit of the indicator. A sell signal is formed when the price line reaches the lower limit of the indicator.

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About AROON bot
AROON bot
Setup Guide

How to set up the AROON bot

  1. Set up the timeframe for your AROON bot.
  2. Set up the indicator length (the number of candles to calculate the indicator values).
  3. Set up a lower and an upper limit for signal formation. For example, if you set limits within the range from -80 to 80, a buy signal will be formed when the price line reaches 80. And when the price line reaches -80, a sell signal will be formed.
How It Works

Aroon is a technical indicator, it helps to determine a trend and the price movement direction, as well as forecast trend reversals in financial markets.

Even though Aroon is a trend indicator, it is represented by an oscillator, unlike moving averages. It is used to determine the market trends and to forecast whether the selling or buying pressure increases.

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