The Aroon Setup for Very Little False Signals

[picker304 10]

I have spent hundreds of hours back testing many combinations of indicators and my extensive studies have concluded out of all the indicators the aroon gives the fewest of false signals. I use it along with an RSI2 and 14 crossover confirmation.

picker

[novicetrader 10]

hi picker304, can u give your setup for the Aroon Indicator/Oscillator ?

 

well, Developed by Tushar Chande in 1995, Aroon is an indicator system that determines whether a stock is trending or not and how strong the trend is. "Aroon" means "Dawn's Early Light" in Sanskrit. :)The Aroon indicators measure the number of periods since price recorded an x-day high or low.

imo its a lagging one, if you can post some of your back tests then it would be nice.

[laurus12 10]

Hello picker304!

 

Yes, it would be very interesting to know more about your setup

[TRADER1949 10]

I agree, some more information would be interesting.

[picker304 10]

Ok guys first I set up a daily chart with aroon and RSI2 and 14. I wait for RSI2 to cross 14. Through my personal backtesting I find this is a precursor most of the time. when the bull aroon line crosses the bear line I jump in. a good strategy for me Hope this helps

picker

(moderator: Sorry, promotional URL removed)

[novicetrader 10]

precursor in backtesting

well have u validated in real time?

if yes which instrument and which market and what tf?

derived indicators lag imo.

and how is your money management ?

[pathfinder62 10]

I, also, as novicetrader said, would appreciate a tad more. Thanx...Tomazo M.