The Aroon Oscillator is a study based upon the two plots of the Aroon Indicator. The Aroon Oscillator is calculated as a difference between Aroon Up and Aroon Down. Since Aroon Up and Aroon Down values oscillate between 0 and +100, the Aroon Oscillator is plotted on the -100 to +100 with zero being the center crossover line.
Much like the Aroon Indicator, the Aroon Oscillator attempts to quantify the strength of a trend.
||The number of bars used to calculate the Aroon Oscillator.|
||The Aroon Oscillator.|
||The overbought level.|
||The oversold level.|
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.