The World of Technical Indicators You Do Not Know｜Episode 4 Aroon [Yasushi Yamanaka]

Moving averages, RSI, and other major indicators watched by many market participants are classic analyses, but they do not necessarily suit everyone. Here we will have a professional in deep technical analysis, Koji Yamanaka, who is rarely featured in this magazine, explain indicators with profound expertise, and broaden the horizons and options of deep technical analysis.

Koji Yamanaka Profile

Director of Ascendant Co. He joined Bank of America in 1982, became Vice President in 1989, and Proprietary Manager in 1993. In 1999, he served as Deputy General Manager of the FX Funds Department at Nikko Citi Trust Bank. In 2002, he established Ascendant Co.

Official Blog：FX information distribution site provided by Ascendant/Yamanaka

Twitter：https://twitter.com/yasujiy

※This article is a reprint/edit of an article from FX攻略.com May 2021 issue. Please note that the market information written in the text may differ from the current market.

Rank Correlation Technical for Viewing the Three Trend Elements

Aroon is a technical indicator developed by Dr. Tushar Chandé, whose name in Sanskrit means “the light of dawn,” and was created as part of a trading system. It was originally called “Chande’s Aroon,” but nowadays is commonly simply called Aroon. Dr. Chandé developed many indicators besides Aroon, but Aroon stands out as a relatively small family of rank-correlation-type technical indicators. When people think of rank-correlation indicators, many may have only used RCI, but Aroon is a versatile indicator that helps determine the presence of a trend, its direction, and its strength.