Aroon [Loxx] — Indicator by loxx

highlowindex oscillator trendanalysis aroon aroon_oscillator aroonindicator

The Aroon indicator is a technical indicator that is used to identify trend changes in the price of an asset, as well as the strength of that trend. In essence, the indicator measures the time between highs and the time between lows over a time period. The idea is that strong uptrends will regularly see new highs, and strong downtrends will regularly see new lows. The indicator signals when this is happening, and when it isn't.

Included:
-Long and short signal cross entries
-Continuation long and shorts entries calculated by lagged same-signal cross-ups and cross-downs

This is an exact clone of the "Aroon" for MT4 indicator

Release Notes:

Removed unnecessary inputs

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Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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