Download ALL MT5 indicators (5744)
Similar MetaTrader Tools
aroon horn
Info
The aroon horn is a Indicator for MetaTrader 5 that tonyc2atushar chand, a famous american engineer and a professional trader of indian origin, became famous for his innovative ideas in the development of indicators and trading systems. his aroon indicator is a very simple but useful tool that helps predicting the time the market changes from flat to trend and vice versa.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use aroon horn
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
tonyc2atushar chand, a famous american engineer and a professional trader of indian origin, became famous for his innovative ideas in the development of indicators and trading systems.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Aroon Indicator - another powerful indicator for MetaTrader 5 traders.
tonyc2a
tushar chand, a famous american engineer and a professional trader of indian origin, became famous for his innovative ideas in the development of indicators and trading systems. his aroon indicator is a very simple but useful tool that helps predicting the time the market changes from flat to trend and vice versa. notably, aroon is a sanskrit word meaning "the early light of dawn", i.e. early signal.
Also recommended: Aroon Oscillator - similar indicator with strong performance on MetaTrader 5.
aroon consists of the two lines - aroon up (green), aroon down (red line) - and a histogram at the side of the indicator. the number of time intervals since the appearance of maximum tops and bottoms on the chart is used in calculations. therefore, the only important parameter that can be changed is the indicator calculation period. initially, the indicator was used in long-term trading on daily timeframes and calculated its values based on two-week price fluctuations. thus, the default number of periods is 14. when trading on lower timeframes, it is recommended to change the value to 25.as with any oscillator, key levels are to be placed on a chart. upon crossing them, aroon provides market entry signals. in this case, such key levels are 30, 50 and 70.
this indicator was first implemented in mql4 and published in on 09.09.2008.
fig.1. aroonhorn
You may also like: Aroon Signal Indicator - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property indicator_separate_window
#property indicator_buffers 4
#property indicator_plots 3
#property indicator_type1 draw_line
#property indicator_color1 clrlimegreen
#property indicator_style1 style_solid
#property indicator_width1 2.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.