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Aroon Indicator: Trends and Strategies by albert cruchaga is a document available to read on EtoBox.

What is Aroon Indicator: Trends and Strategies about?

The Aroon indicator was developed by Tushar Chande to help determine whether a security is trending or in a trading range. It consists of two lines, Aroon Up and Aroon Down, which each oscillate between 0-100 based on the number of periods since the security reached a new high or low. Readings near 0 or 100 indicate potential weakness or strength, while values converging between the lines signals consolidation. Crossovers between the lines can also signal a change in trend direction.

Author

albert cruchaga

Language

EN