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Aroon

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AroonUp(Periods)
AroonDown(Periods)

Overview
The Aroon indicator was developed by Tushar Chande in the mid 1990’s. This indicator is often used to determine whether a stock is trending or not and how stable the trend is.

Interpretation
Trends are determined by extreme values (above 80) of both lines (Aroon up and Aroon down), whereas unstable prices are determined when both lines are low (less than 20).

Recommended Parameters
Periods: 25

Example
set BUY = AroonUp(25) > 80 AND AroonDown(25) > 80

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