Aroon indicator

Aroon indicator is an indicator developed by Tushar Chande that determines if the security is trending. The indicator is made up of two lines called the Aroon up and Aroon down, each line is usually desigated a color. Under the Aroon up, a value of +100 will be posted if the security closed at a new high. An Aroon up that is above the 70 line with its Aroon down less than 30 confirms that the current uptrend is strong.A down ward trend is signified by an Aroon down above 70 and an Aroon up below 30.


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