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Aroon Oscillator for Metastock
The Aroon Oscillator is simply the difference between the Aroon-Up and Aroon-Down indicators. The Aroon-Up and Aroon-Down indicator are usually plotted together for easy comparison, alternatively you can view the difference between these two indicators with the Aroon Oscillator. This indicator fluctuates between -100 and +100 with zero as the middle line. An upward trend bias is present when the oscillator is positive, while a downward trend bias exists when the oscillator is negative.
Indicator / Formula
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