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AROONOSC

Type: aroonosc • Category: indicators

Description​

Aroon Oscillator

Parameters​

NameTypeDescriptionRequiredDefault
highstringList of highest pricesno
lowstringList of lowest pricesno
timeperiodnumberno14

Help​

AROONOSC

Aroon Oscillator​

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

Description​

The Aroon Oscillator is a momentum indicator that calculates the aroon up and aroon down values and then plots the difference between the two. It helps traders identify the beginning of new trends and the end of existing ones.

What does this worker do?​

This worker calculates the Aroon Oscillator values based on the provided high and low prices over a specified time period. It returns a list of Aroon Oscillator values that can be used to analyze the trend strength and potential reversals in financial markets.

How to interpret the results​

The Aroon Oscillator values range from -100 to 100. A high value (close to 100) indicates a strong uptrend, while a low value (close to -100) indicates a strong downtrend. A value close to 0 indicates a weak or absent trend.

Parameters​

The following parameters are required to calculate the Aroon Oscillator:

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 - List of highest prices. This should be a comma-separated string of price values.
  • low: string - List of lowest prices. This should be a comma-separated string of price values.
  • timeperiod: number (default: 14) - The time period used to calculate the Aroon Oscillator. A higher value will result in a slower oscillator, while a lower value will result in a faster oscillator.

Example Use Case​

To calculate the Aroon Oscillator for a stock with high prices [10, 12, 15, 13, 14] and low prices [8, 9, 11, 10, 12], with a time period of 5, you would provide the following input:

{
  "high": "10, 12, 15, 13, 14",
  "low": "8, 9, 11, 10, 12",
  "timeperiod": 5
}

The worker would then return a list of Aroon Oscillator values that can be used to analyze the trend strength and potential reversals.