Aroon

Category: trend

Bars since last high/low as percentages; detects the start of new trends.

Formula

AroonUp = 100·(N − bars_since_HH)/N; AroonDown = 100·(N − bars_since_LL)/N

Inputs

• period (default: 25)

See signal primitives, usage in published strategies and more on WOBR StrategyVerse.