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.
||The number of bars used to calculate the Aroon Indicator.|
||The Aroon Up plot.|
||The Aroon Down plot.|
||The overbought level.|
||The oversold level.|
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.