Skip to main content

AROONOSC

Type: aroonosc • Category: indicators

Description​

Aroon Oscillator

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringprices datano
highstringselect the column with highest pricesno
lowstringselect the column with lowest pricesno
timeperiodnumberNumber of periods to use for AROONOSC calculationno14

Help​

AROONOSC

Aroon Oscillator​

The Aroon Oscillator is a technical indicator used in financial analysis to gauge the strength of a trend and predict potential reversals. It was developed by Tushar Chande in 1995.

Description​

The Aroon Oscillator is a momentum indicator that calculates the difference between two Aroon indicators: Aroon Up and Aroon Down. Aroon Up measures the number of periods since the highest high, while Aroon Down measures the number of periods since the lowest low. The oscillator is calculated by subtracting Aroon Down from Aroon Up.

What does this worker do?​

The AROONOSC worker calculates the Aroon Oscillator for a given set of price data. It takes the following parameters:

  • dataExp: prices data
  • high: select the column with highest prices
  • low: select the column with lowest prices
  • timeperiod: Number of periods to use for AROONOSC calculation

How to interpret the results​

The Aroon Oscillator ranges from -100 to 100. A reading above 0 indicates an uptrend, while a reading below 0 indicates a downtrend. The closer the reading is to 100 or -100, the stronger the trend.

  • A reading above 50 indicates a strong uptrend
  • A reading below -50 indicates a strong downtrend
  • A reading between -50 and 50 indicates a weak trend

How to use it​

To use the AROONOSC worker, simply provide the required parameters and it will calculate the Aroon Oscillator for the given price data.

Example usage​

Here is an example of how to use the AROONOSC worker:

// example code

Visualizing the AROONOSC​

Here is a short animation showing how to use the AROONOSC worker:

How to use AROONOSC

And here is a longer animation:

AROONOSC in action

Additional knowledge​

The Aroon Oscillator is often used in combination with other technical indicators to confirm trading signals. It can be used to identify potential reversals, as well as to gauge the strength of a trend. Aroon Oscillator readings can also be used to set stop-loss levels and take-profit levels.

By using the AROONOSC worker, traders and analysts can gain a better understanding of market trends and make more informed investment decisions.