While "Aroon up" and "Aroon down" are changing simultaneously, the trend isn't clear. The price then moves sideways, or is going to move sideways. When "the Aroon up" is under 50, it's a signal that the uptrend is giving up its momentum. And when "the Aroon down" is under 50; it's a signal that the downtrend is giving up its momentum. When "the Aroon up" or "Aroon down" exceed … [Read more...]
Aroon Oscillator : Basic Concept
OVERVIEW The Aroon indicator anticipates when a security is changing from an impulsive move to a trading range and vice versa. The Aroon indicator was developed by Tushar Chande, who also created the Chande Momentum Oscillator and the Qstick. The aroon indicator displays two plots: (1) Aroon Up and (2) Aroon Down. The standard period for the Aroon Up and Aroon Down is … [Read more...]