I use MotiveWave to see if this indicators is useful for whipsaws. I also confirm if I can use it within TA-Lib. I also introduce how the Hurst Component can be useful to see if a calculated time series is trending or mean reverting. Personally, this stuff matters!

 

If this turns out to be useful, all charts generated will be part of my Analytics service

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Helpful links below

Metatrader MQ4 for whipsaw trading in forex

https://www.motivewave.com/studies/aroon_oscillator.htm

https://www.mql5.com/en/code/8328

https://mrjbq7.github.io/ta-lib/func_groups/momentum_indicators.html

https://www.quantstart.com/articles/Basics-of-Statistical-Mean-Reversion-Testing

 

 

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