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Rounded Aroon
Rounded Aroon
This is a very simple modification to the standard Aroon. The normal Aroon measures trends from the high and low of a particular candle, or the wicks. The rounded Aroon here simply uses open and close instead. The benefit of this is that it helps determine a more significant trend as in some cases a wicked candle doesn't give adequate data at times.
This is a very simple modification to the standard Aroon. The normal Aroon measures trends from the high and low of a particular candle, or the wicks. The rounded Aroon here simply uses open and close instead. The benefit of this is that it helps determine a more significant trend as in some cases a wicked candle doesn't give adequate data at times.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.