AroonOscillator

Description

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.

Input Parameters

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

Plots

Plot Description
UpDownDiff The Aroon Oscillator.
OverBought The overbought level.
MiddleLine Zero level.
OverSold The oversold level.

Example*

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

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