<!--testDataBinding.component.html-->

<h1>childStatus: {{childStatus}}</h1>

//testDataBinding.component.ts

export class TestDataBindingComponent implements OnInit{
 @Input() childStatus;
 @Output() childStatusChange = new EventEmitter();
 ngOnInit(){
 setTimeout(()=>{
  this.childStatus = false;
  this.childStatusChange.emit(this.childStatus);
 },5000);
 }
}

<!--app.component.html-->

<test-binding [(childStatus)]="parentStatus"></test-binding>
<h1>parentStatus: {{parentStatus}}</h1>

//app.component.ts

import { Component,OnInit } from '@angular/core';
@Component({
 selector: 'my-app',
 templateUrl: './app.component.html',
 styleUrls: ['./app.component.css']
})
export class AppComponent implements OnInit{
 parentStatus: boolean = true;
 ngOnInit(){
 setTimeout(()=>{
  this.parentStatus = true;
 },10000);
 }
}