Custom Aroon Horn Oscillator (MT4)

About the Indicator

Custom Aroon Horn Oscillator is a free MT4 (Metatrader 4) indicator that provides buy and sell signals based on the Aroon Horn trading formula.

The indicator appears in a separate MT4 chart window in the form of a trend histogram that oscillates above and below the 0.00 level.

Buying and selling currency pairs with this indicator is very simple and goes as follows:

• A buy signal occurs whenever the Aroon Horn oscillator crosses the 0.00 level bottom-up.
• A sell signal occurs whenever the Aroon Horn oscillator crosses the 0.00 level top-down.

Free Download

Download the “custom-aroon-horn-oscillator.mq4” indicator for MT4

Key Features

• Histogram-based oscillator that swings above/below 0 to signal entries.
• Buy signal when the oscillator crosses 0 bottom-up; sell when it crosses top-down.
• Works on all asset classes—forex, stocks, commodities, indices, cryptocurrencies.
• Acts as both an entry/exit trigger and a confirmation overlay with other strategies.
• Non-repainting—reliable in live setups.

Indicator Example Chart (EUR/USD Daily)

The example chart below displays the Custom Aroon Horn Oscillator MT4 indicator in action on the trading chart.

How To Trade Using This Indicator

Entry Logic

Go long when the oscillator crosses above zero. Go short when it dips below. Use it as your entry trigger—especially useful when paired with a trend filter or breakout.

Stop Loss & Take Profit

Set a stop just beyond the recent swing high or low, or use 1×ATR for risk guidance.

Exit when the oscillator reverses direction or when you’ve reached a 2R–3R target.

You can also trail stops using price structure or ATR.

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Download the “custom-aroon-horn-oscillator.mq4” indicator for Metatrader 4

Forex Strategy: Custom Aroon Horn Oscillator + T3 Heiken Ashi

What This Strategy Is About

This strategy combines the Custom Aroon Horn Oscillator with the T3 Heiken Ashi indicator.

The Aroon Horn Oscillator identifies market trends and potential reversals, while the T3 Heiken Ashi indicator smooths out price action to provide clearer buy and sell signals.

Together, they offer a robust system for identifying and trading trends in the forex market.

Buy Rules

• The Custom Aroon Horn Oscillator crosses above the zero line, indicating a potential uptrend.
• The T3 Heiken Ashi indicator displays a green arrow, confirming the buy signal.
• Enter a long position at the close of the candle that confirms both signals.
• Place a stop loss below the recent swing low.
• Set a take profit target based on a risk-reward ratio of at least 1:2.

Sell Rules

• The Custom Aroon Horn Oscillator crosses below the zero line, indicating a potential downtrend.
• The T3 Heiken Ashi indicator displays a magenta arrow, confirming the sell signal.
• Enter a short position at the close of the candle that confirms both signals.
• Place a stop loss above the recent swing high.
• Set a take profit target based on a risk-reward ratio of at least 1:2.

Trader Case Studies

Below are examples of traders who applied this strategy to different currency pairs and timeframes, showing how it can work in various market conditions.

Disclaimer: These case studies are for educational purposes only. Trading results will vary depending on market conditions, risk management, and individual discipline.

Advantages

• Combines trend identification with clear entry signals.
• Works well in trending markets on multiple timeframes.
• Simple rules, suitable for both beginner and experienced traders.

Drawbacks

• Less effective in choppy, sideways markets.
• Requires confirmation to avoid false entries.

Conclusion and Tips

Using the Custom Aroon Horn Oscillator alongside the T3 Heiken Ashi can help traders capture medium to large moves in the market with improved accuracy.

By waiting for both indicators to align before entering a trade, you can reduce false signals and improve your risk-to-reward profile.

For best results, use this strategy during active market sessions such as London and New York.

Test the strategy on demo accounts before trading live to gain confidence and adapt it to your preferred timeframes.

Indicator Specifications

FAQ

1) When is this indicator most effective?

Best in trending markets. Combine it with a trend filter—like EMA200 or SuperTrend—to reduce false signals in choppy environments.

2) Can it confirm other strategies?

Absolutely. Use it to validate breakouts or pullback entries within existing setups—adds momentum alignment to your trades.

3) Any tips for reducing whipsaws?

Use bar-close confirmation—enter only after the oscillator fully crosses zero. Combining with the higher timeframe trend direction also filters noise.

4) Suitability across timeframes?

Yes—M5 to H4 for scalpers, H1 to D1 for swing traders. Just adjust the stop and target approx. rules accordingly.

5) Simple exit strategy?

Exit when the histogram turns back toward zero. Alternatively, use a fixed reward ratio (like 2R), or trail with ATR or structure.

Conclusion

The Custom Aroon Horn Oscillator is a clean, momentum-driven tool that works well solo or as confirmation.

It’s free, intuitive, and signals entries with clarity.

For best results, align it with trend filters and trade structure.

Download the indicator, test it—then refine your thresholds and timing until your signal fits your style.