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Random article: Aroon indicator
Aroon indicator was elaborated by a trader Tushar S. Chande in 1995. This economic indicator allows to forecast changes in prices, direction and force of a trend. This figure is used to determine if Forex trend fades and to forecast its further change or continuation. The sole figure required for calculation of Aroon indicator is the number of time periods. Aroon indicator is represented by two lines : Aroon(up) and Aroon(down).
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