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....
This is a trend-following indicator which condenses two SuperTrend indicators -- one based on analysis over a shorter period of time (1.5, 7), and one based on analysis over a longer period of time (1.65, 100) -- into a single indicator which appears on your chart only when both the shorter- and longer-term analysis indicates a "SuperTrend" in the same...
This is simple strategy based on Aroon Oscillator. I have found that using length 144 or 169 on hourly chart shows excellent results.
Tested on SPY , QQQ and AAPL. Especially when you look at AAPL results , it has 60% profitable in recent trades. ( Dont assume this will be same for other stocks or ETFs)
Aroon Oscillator setting : 169 ( ...
There are already several indicators who measure the time behavior relative to price, the most well know being the Aroon indicator published by Tushar Chande. I propose an alternative indicator TPI who tend to create less whipsaw's at the cost of small reactivity.
The TPI is in a range of 0.5/-0.5 and is no different than the...
Arron Variant is based on the original Arron but with a twist, Arron Variant measures the difference between highs and lows over a time period, opposed to the original Arron who measures the time (bars) between highs and lows over a time period.
Also added a few optional moving averages like EMA, HMA and JMA. (Default JMA - Jurik Moving Average)
As originally described by Manfred G. Dürschner. Applies an inverse fisher transform to an aroon oscillator calculated using smoothed price. Smoothing is done via NWMA or "Moving Average 3.0".
Signals are Buy > 0 and Sell < 0
length 1 must be at least twice length 2 (lambda >= 2.0)
This strategy suits better for stock, indexes and commodities sufficiently volatile but with not so strong trend, where perspective of future quotations are not so certain.
For these financial instruments this system works better than others based on classical trend oscillator (like Supertrend)
This strategy starts from the idea of the creator of Aroon lines,...
Three views of Aroon Indicator - original, binarized and smoothed.
More 'readable' variations of this indicator will help to appreciate its role and integrate into trading strategies more readily.
Note that the smoothed Aroon can be viewed as a channel indicator when normalized to price series.