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Aroon indicator

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Aroon Indicator (Aroon)
The Aroon was developed by Tushar Chande in 1990's and is a trend indicator used to determine if a security is moving in a trend or sideways, as well as how strong the trend is.

 


Aroon Indicator
The Aroon indicator was developed by Tushar Chande in 1995. The Aroon indicator attempts to determine if a trading instrument is trending or not as well as define how strong the trend is.

Aroon Indicator
Aroon Oscillator
The Aroon indicator is used to help traders know when a market is uptrending, downtrending, or is in a range-bound, trendless market.

Aroon indicator is constructed on calculation of periods number, those which have passed from the moment of Maximum and minimum within the time range of periods.

Aroon indicator is a young one, developed by Tushar Chande in 1995.
Aroon was created to measure strength of a trend and potentials for its continuation as well as the quality and type of the trend: up-trend, down-trend or sideways moving market.

The Aroon indicator is used to determine whether a currency exchange rate following a trend or sideways and measure the trend strength. If the currency of the rate increase for the end of this period is approaching and the contrary.

The Aroon Indicator was developed by Tushar Chande in the mid 1990′s. Aroon is a trend indicator, used to determine whether a security is moving in a trend or a range, and also to guage the strength of the trend.

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Aroon Indicator
A technical indicator used for identifying trends in an underlying security and the likelihood that the trends will reverse.

Aroon Indicator
ARL have two lines, AroonUp and AroonDown, both oscillate between 0 and 100. AroonUp will be 100 when the security is setting new highs, will be 0 if the security continually dropped throughout the period.

Aroon Indicator
The Aroon Indicator came into being around 1995. This is a trending indicator that is able to measure whether the security is in an uptrend or shows a downtrend. It also measures the magnitude of that trend.

The Aroon indicator system consists of two lines, 'Aroon(up)' and 'Aroon(down)'. It takes a single parameter which is the number of time periods to use in the calculation.

The Aroon indicator was developed by Tushar S. Chande and first described in the September 1995 issue of Technical Analysis of Stocks & Commodities magazine.
Formula:
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A trend-following indicator that uses aspects of the Aroon indicator ("Aroon up" and "Aroon down") to gauge the strength of a current trend and the likelihood that it will continue.
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The default time period for the Aroon indicators is 25 Days.
See Indicator Panel for directions on how to set up an indicator — and Edit Indicator Settings to change the settings.
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See also: Aroon, Indicator, Trend, Oscillator, Analysis