Forex-Aroon-Horn-Indicator
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Aroon Horn Scalper Metatrader 4 Forex Indicator
The Aroon Horn Scalper MT4 indicator is a great scalping oscillator indicator that works great for scalping currency pairs.
The Aroon Horn oscillates above and below its neutral zero line, this creates a short-term bullish or bearish trend.
Blue histogram bars aligned above the zero line are considered bullish while red bars below the zero line bearish.
It’s extremely important to use the Aroon Horn Scalper MT4 indicator in agreement with a trend trading indicator.
You’ll need to take scalp trades at the right side of the overall trend and ignore trading against the trend.
For instance, combine with a 75 period simple moving average or 50 period exponential moving average.
First, determine trend direction. This is a simple process and visible on the chart.
The overall trend is said to be bullish when price bars are positioned above the moving average.
Conversely, the overall trend is said to be bearish when price bars are positioned below the moving average.
Second, trade signals from the Aroon Horn Scalper in the direction of the overall trend (explained below under basic trading signals).
Free Download
Download the “custom-aroon-horn-oscillator.mq4” MT4 indicator
Example Chart
The EUR/USD 15-Minute chart below displays the Aroon Horn Scalper Metatrader 4 Forex indicator in action.
