Aroon Up and Aroon Down: how recently the 14-bar high and low were made, each on a 0 to 100 scale.
Overview
Aroon, by Tushar Chande, shows how recently price made a new high or low, in its own pane. Aroon Up is green and Aroon Down is red.
A reading of 100 means the extreme was made on the current bar; 0 means it was made the full length ago.
How it works
Aroon Up = 100 x (14 - bars since the 14-bar highest high) / 14. Aroon Down = 100 x (14 - bars since the 14-bar lowest low) / 14.
Only the length can be changed.
How to use it
- Some traders watch Aroon Up above 70 and Aroon Down below 30 as a sign of an uptrend.
- Use crosses of the two lines as changes in trend.
- Watch both lines low together as a sign of a range.
- Use it to see how fresh the latest high or low is.
These are ways some traders read it, for learning. They are not trade signals.
Settings
| Setting | Default |
|---|---|
| Settings | |
| LengthLookback length used to locate the highest high and lowest low. | 14 |
| Style | |
| Aroon UpColor of the Aroon Up line. | #089981 |
| Aroon DownColor of the Aroon Down line. | #f23645 |
Alerts
You can alert on its line crossing a value or the candle close (from the chart's + menu); checked while ZoroCharts is open.
Notes and limits
- Works on any symbol and timeframe; it only needs candle data.
Education only. Not financial advice. Indicators mark what happened on the chart; they do not predict what price will do. Trading futures, forex, crypto and other markets carries a high level of risk and may not be suitable for everyone.