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Aroon Down Indicator

The Aroon indicator was developed by Tushar Chande in 1995. Aroon is used to measure the presence and strength of trends.  The Aroon Up line and Aroon Down line oscillate between -100 and 100.   When the two lines are in close proximity, this indicates a consolidation phase. When the up indicator (Aroon Up) is below 50, the current trend has lost its upward momemtum. The the down indicator (Aroon Down) is below 50, this indicates that a downward trend has lost its momentum.

 

See Also

Aroon Down Developer Help

Aroon Up Indicator

Aroon Oscillator Indicator