Aroon (AR) Description
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Aroon (AR)
Description
The Aroon (AR) indicator developed by Tushar Chande attempts to determine whether an instrument is trending and how strong is the trend. AroonUp and AroonDown lines make up the indicator with their formulas below.
Formula
AroonUp = ((Number of periods - Number of periods since highest high) /Number of periods) *100
AroonDown = ((Number of periods - Number of periods since lowest low) /Number of periods) *100
Example
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