Aroon Indicator

Category: trend, momentum

Measures the time elapsed since the highest high and lowest low over a specific period to identify trend strength and potential reversals.

Formula

AroonUp = \frac{Period - \text{Bars Since High}}{Period} \times 100 \\ AroonDown = \frac{Period - \text{Bars Since Low}}{Period} \times 100

Inputs

• periodInp (default: 25)
• shiftInp (default: 0)

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