Stock Portfolio Organizer

The ultimate porfolio management solution.

Shares, Margin, CFD's, Futures and Forex
EOD and Realtime
Dividends and Trust Distributions
And Much More ....
For Portfolio Manager Click Here

WiseTrader Toolbox

#1 Selling Amibroker Plugin featuring:

Advanced Adaptive Indicators
Advanced Pattern Exploration
Neural Networks
And Much More ....
Find Out More Here

Aroon Indicators by Tushar Chande for Metastock
carla
about 9 years ago
Metastock

Rating:
0 / 5 (Votes 0)
Tags:
metastock, oscillator

The Aroon Indicator is a range bound, technical indicator that is made up of two separate indicators (Aroon-Up and Aroon-Down) designed to measure how many periods have passed since the price has recorded an n-period high or low with ‘n’ being the number of periods chosen by the trader. For example a 14 Day Aroon-Up will take the number of days since the price last recorded a 14 day high and then calculate a number between 0 and 100. A 14 Day Aroon-Down will do the same thing except is will calculate a number based on the number of days since a 14 day low. This number is intended to quantify the strength of a trend (if any). The closer the number is to 100, the stronger the trend. Aroon is not only good at identifying trends, it is also a useful tool for identifying periods of consolidation.

Screenshots

Files

Indicator / Formula

Copy & Paste Friendly

100 * ( 14 - ( ( If(Ref(H,-1) = HHV(H,14) ,1 ,
If(Ref(H,-2) = HHV(H,14) ,2 ,If(Ref(H,-3) =
HHV(H,14) ,3, If(Ref(H,-4) = HHV(H,14) ,4,
If(Ref(H,-5) = HHV(H,14 ) ,5 ,If(Ref(H,-6) =
HHV(H,14) ,6, If(Ref(H,-7) = HHV(H,14),7,
If(Ref(H,-8) = HHV(H,14) ,8 , If(Ref(H,-9) =
HHV(H,14) ,9, If(Ref(H,-10) = HHV(H,14) ,10,
If(Ref(H,-11) = HHV(H,14) ,11 ,If(Ref(H,-12) =
HHV(H,14) ,12, If(Ref(H,-13) = HHV(H,14) ,13,
If(Ref(H,-14) = HHV(H,14) ,14, 0 ) ) ) ) ) ) ) ) ) ) ) ) ) )) ) ) / 14

0 comments

Leave Comment

Please login here to leave a comment.

Back