my 1st indie


Hidden Redirect Link
Loading...

The Aroon indicator is a technical analysis tool used to identify potential trend changes and gauge the strength of existing trends. Developed by Tushar Chande, it uses two lines, Aroon-Up and Aroon-Down, to measure the time elapsed since the price has reached its highest and lowest points over a specified period. The indicator helps traders determine if a security is trending and the strength of that trend. Here's a more detailed explanation:What it measures:

  • Aroon-Up: Measures the number of periods (e.g., days) since the price has reached its highest point within a chosen period (e.g., 25 periods).
  • Aroon-Down: Measures the number of periods since the price has reached its lowest point within the same chosen period.
  • Both Aroon lines are plotted on a scale of 0 to 100. 
 

z 

1
2
3
4
1542ew
gdfg
dg
324tg
se g
wegsdgsdfsggggggggggggggggggggggg
© Licensed under MIT

Comments

loading