AroonHorn Higher-Timeframe Trend and Entry Signal Indicator
Summary
This note describes an indicator that displays trend direction or a potential trade signal produced by AroonHornSign, calculated on a selectable timeframe. The default calculation timeframe is six hours, and the indicator period is nine. A right-pointing arrow marks continuation of the current trend; a diagonal arrow indicates a change and the corresponding trade direction. Colors distinguish upward and downward signals, while configurable chart labels and placement control the display.
The indicator can also issue sound alerts, with settings for alert behavior and count. Users placing multiple instances on one chart should assign each a distinct label prefix. The note explains visualization and configuration rather than the underlying AroonHornSign calculation or trading rules, and it supplies no performance evaluation. Its arrows and alerts identify an indicator state; the description does not establish that they predict profitable entries.
Key ideas
- The indicator presents trend continuation and trend-change signals from AroonHornSign.
- A selectable timeframe and indicator period control the signal calculation.
- Arrow style and color distinguish ongoing trends from potential trade directions.
- Sound alerts and chart display settings can be configured independently.
- The note does not provide performance evidence or explain the underlying signal formula.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.