AroonIndicator

Description

The Aroon Indicator is a study comprising two plots. The first one (Aroon Up) measures the number of periods since the most recent High reached within a specified time period. The other plot (Aroon Down) measures the number of periods since the most recent Low reached within the same period.

The values are normalized to the 0 to 100 scale.

Input Parameters

Parameter Description
length The number of bars used to calculate the Aroon Indicator.

Plots

Plot Description
Up The Aroon Up plot.
Down The Aroon Down plot.
OverBought The overbought level.
OverSold The oversold level.

Example*

*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.

  Past performance is no guarantee of future performance.