Aroon



Aroon Interpretation:

This indicator can help to detect trends. An uptrend can be detected when the Aroon up stays above 70 while the Aroon down is below 30 and vice-versa for a down trend. The crossover of both lines can also be a signal of a new trend.

Aroon Calculation:

The indicator is composed of 2 lines, Aroon up and down, that represent the number of days since the most recent x-period high for Aroon up or x-period low for Arron down.

For example, if a stock makes a new x-day high,the Aroon up=100. On the other hand, if a stock has not made a new high x days the Aroon up = 0.


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