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.