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Aroon

The Aroon indicator provides a measure of how many periods have passed since a new high or low has been set. The Aroon Up indicator displays the strength of the upward trend and the Aroon Down displays the strength of the downward trend.


When the Aroon Up is above 70 it is considered a bullish signal as the price is consistently forming new highs. When it stops forming new highs, as each period passes the value of the Aroon Up reduces, until it reaches zero. When Aroon Up is below 30, it is considered a bearish signal as the price is consistently forming lower highs:

Aroon Up Indicator.png


When the Aroon Down is above 70 it is considered a bearish signal as the price is consistently forming new lows. When it stops forming new lows, as each period passes the value of the Aroon Down reduces, until it reaches zero. When Aroon Down is below 30, it is considered a bullish signal as the price is consistently forming higher lows:

Aroon Down Indicator.png


The two indicators are commonly combined, whereby if the price is forming lower lows and lower highs, the Aroon Up will be below 30 and the Aroon Down will be above 70, which is considered a strong bearish trend signal. When the Aroon Up falls below the Aroon Down, it can signal the start of a bearish trend:

Aroon Indicator Bearish Signal.png


During a bullish trend, the price will form higher highs and higher lows. This will result in the Aroon Up rising above 70 and the Aroon Down falling below 30, indicating a strong bullish move:

Aroon Indicator Bullish Signal.png


Aroon Up & Down Indicator Formula

The Aroon Up Indicator calculates the number of periods since the price set a new high and returns a value between 0 and 100:


Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://api.formulasearchengine.com/v1/":): {\displaystyle \text{Aroon Up} = \displaystyle \left ( \frac { n - \text{The number of periods since the highest high in } (n + 1) \text{ periods} } { n } \right ) * 100 }


The Aroon Down Indicator calculates the number of periods since the price set a new low and returns a value between 0 and 100:


Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://api.formulasearchengine.com/v1/":): {\displaystyle \text{Aroon Down} = \displaystyle \left ( \frac { n - \text{The number of periods since the lowest low in } (n + 1) \text{ periods} } { n } \right ) * 100 }


By default the number of periods Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://api.formulasearchengine.com/v1/":): {\displaystyle n} is 25.


Aroon Indicator

The Aroon indicator can be displayed on the TimeToTrade charts. To add the Aroon indicator to the TimeToTrade charts, go to the chart settings and click on the 'Add Indicator' button. Click on the search box and type the name of the indicator that you are looking for, or for example type Aroon and scroll through the results:


Generic Indicator Settings 1.png


After adding the Aroon indicator, within the chart settings, click on it to set the parameters and change colours.



Aroon Alerts

Alerts can be set up to provide an Email or SMS text message notification of when your Aroon indicator chart conditions have been met, backtest trading strategies or execute demo trades. To learn more:



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