I have no idea why most people do not using this indicator. as far as I find out it is super accurate at 15m or more. (5 min is accurate too. but might be more work).
As one Friday about 6 hours before market closed. I tried with GBP/USD with 5m chart which win every time. well at less give you one pip profit. (if go with 15 min you can expect 20 pip, 30 min may be way more)
Maybe the reason why people do not using the Aroon this indicator would it be they do not want to watch chart for more then 1 hour to get 20 pip?
http://mtuppers.googlepages.com/test.html
click above link to see how to read them (my own system)
As one Friday about 6 hours before market closed. I tried with GBP/USD with 5m chart which win every time. well at less give you one pip profit. (if go with 15 min you can expect 20 pip, 30 min may be way more)
Maybe the reason why people do not using the Aroon this indicator would it be they do not want to watch chart for more then 1 hour to get 20 pip?
http://mtuppers.googlepages.com/test.html
click above link to see how to read them (my own system)