Aroon and Aroon Oscillator

The Aroon indicator was created by Tushar Chande in 1995. The Aroon Up line measures the strength of the uptrend by measuring the number of periods that have passed since prices reached the highest high in Period + 1 points on the chart. The Aroon Down line measures the strength of the downtrend by measuring the number of periods that have passed since prices reached the lowest low in Period + 1 points on the chart.

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The Aroon Oscillator is calculated by subtracting the Aroon Down line from the Aroon Up line.

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