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aroon

AROON​

Type: aroon • Category: indicators

Description​

Aroon indicator (aroondown, aroonup)

Parameters​

NameTypeDescriptionRequiredDefault
highstringList of highest pricesno
lowstringList of lowest pricesno
timeperiodnumberno14

Help​

AROON

Overview​

The AROON indicator is a technical analysis tool used in financial markets to gauge the strength of a trend and predict potential reversals.

Description​

The AROON indicator consists of two lines: Aroon Up and Aroon Down. It is used to measure the number of periods since the highest high and lowest low over a specified time period. This indicator helps traders identify trend changes and potential reversals.

What does this worker do?​

This worker calculates the Aroon Up and Aroon Down values based on the provided high and low price lists over a specified time period. It returns the Aroon Up and Aroon Down values, which can be used to analyze the trend strength and potential reversals.

How to interpret the results​

  • Aroon Up values range from 0 to 100. A high Aroon Up value (above 70) indicates a strong uptrend, while a low value (below 30) indicates a weak uptrend.
  • Aroon Down values range from 0 to 100. A high Aroon Down value (above 70) indicates a strong downtrend, while a low value (below 30) indicates a weak downtrend.
  • When Aroon Up crosses above Aroon Down, it may indicate a potential buy signal. Conversely, when Aroon Down crosses above Aroon Up, it may indicate a potential sell signal.

Parameters​

The following parameters are required to calculate the AROON indicator:

Parameters Schema (JSON)​

{
  "high": {
    "type": "string",
    "description": "List of highest prices"
  },
  "low": {
    "type": "string",
    "description": "List of lowest prices"
  },
  "timeperiod": {
    "type": "number",
    "default": 14
  }
}

Parameters List​

  • high: string (required) List of highest prices.
  • low: string (required) List of lowest prices.
  • timeperiod: number (optional, default=14) Number of periods to use for calculation.

Example usage:

{
  "high": "[10.2, 11.5, 12.1, 10.8, 11.2]",
  "low": "[9.5, 9.8, 10.3, 9.2, 9.6]",
  "timeperiod": 14
}