Stock Portfolio Organizer
The ultimate porfolio management solution.
#1 Selling Amibroker Plugin featuring:
Aroon Indicators by Tushar Chande for Metastock
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.
Indicator / Formula
Please login here to leave a comment.Back