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Strategies & Market Trends : Classic TA Workplace

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To: IHateSourCream who wrote (122040)	7/16/2005 11:11:25 AM
From: Galirayo	Read Replies (2) of 209892

IHSC .. I've found the Aroon very interesting .. And Accurate when Combined with other indicators. It's a piece of cake to understand. :) I'm sure you understand a Moving Average ?? The Aroon is not quite an Average. Just think of it as a Moving High and a Moving Low smoothed by a specific time period and expressed as a Percent. The longer the time period the less volatile the Lines .. similar to a Moving average. Here's the Formula and a few links. Technically, the formula for Aroon(up) is: [ [ (# of periods) - (# of periods since highest high during that time) ] / (# of periods) ] x 100 For example, consider plotting a 10-period Aroon(up) line on a daily chart. If the highest price for the past ten days occurred 6 days ago (4 days since the start of the time period), Aroon(up) for today would be equal to ((10-6)/10) x 100 = 40. stockcharts.com trader.snowseed.com paritech.com

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