Charts

Aroon (AR)

Description

The Aroon (AR) indicator developed by Tushar Chande attempts to determine whether an instrument is trending and how strong is the trend. AroonUp and AroonDown lines make up the indicator with their formulas below.

Formula

\[Arron\;Up =\left ( \frac{Number\;of\;periods - Number\;of\;periods\;since\;highest\;high}{Number\;of\;periods} \right )\times 100\]

\[Arron\;Down =\left ( \frac{Number\;of\;periods - Number\;of\;periods\;since\;lowest\;low}{Number\;of\;periods} \right )\times 100\]