Aroon Indicator Tested: It Called a Strong Trend on 39% to 43% of Bars, EURUSD Followed It No More Often Than a Random Bar, and 1 of 20 Runs Passed
The Aroon indicator measured on EURUSD and gold, M5 and M15. Up above 70 with Down below 30 covered two bars in five, did not predict the next move on EURUSD, and only one of five classic Aroon rules passed on one chart.
Read More
