Finding the Trend using Aroon Indicator

Many traders value time equally to price as a forecasting tool. The Aroon indicator is an important strategy for exploiting both. Aroon-based indicators differ from other price momentum oscillators in that they don't just focus on price changes; they measure price changes relative to time. This article will examine the logic behind Aroon and show when it works best.
Introduction
The Aroon indicator is another from leading market technician, Tushar Chande, who is responsible for a number of books and popular technical indicators used all over the world . The Aroon can be used to find the likely direction of a forex,stocks and commodity  on several different timeframes.
Chande designed the indicator back in 1995 and since then it has been an effective but not so widely used tool among traders (compared to his other indicators).
The indicator consists of two lines, Aroon up and Aroon down, to show market direction and in some respects, bears many similarities with the directional movement index (DMI) by J Welles Wilder.
The term ‘Aroon’ is a Sanskrit word and means “dawn’s early light”. The term obviously refers to the fact that the Aroon indicator is able to signal trend changes early.
The two lines of the

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