Function Name: aroon

Tags: None

Category: Momentum

The Aroon indicator was developed in 1995. This indicator consists of two lines, Aroon Up and Aroon Down. Aroon Up is the amount of time (on a percentage basis) that has elapsed between the start of the time period and the point at which the highest price during that time period occurred. If the stock is setting a new low for the given time period, Aroon Up will be zero. On the other hand, if the stock closes higher than it has during the rest of the time period, Aroon Up will be +100. Aroon Down is calculated in just the opposite manner, looking for new lows instead of new Highs.


Author:   Tushar Chande






Default Value: 14  |  Minimum: 1  |  Maximum: 9999


Type: Numeric



Default Value: 70  |  Minimum: 50  |  Maximum: 100


Type: Numeric



Default Value: 30  |  Minimum: 0  |  Maximum: 50


Type: Numeric