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.