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Aroon Oscillator

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Description

A trend-following indicator that uses aspects of the Aroon indicator ("Aroon up" and "Aroon down") to gauge the strength of a current trend and the likelihood that it will continue. The Aroon oscillator is calculated by subtracting Aroon down from Aroon up. Readings above zero indicate that an uptrend is present, while readings below zero indicate that a downtrend is present.

 

... Courtesy of Investopedia

 

 

Syntax

AroonOscillator(int period)
AroonOscillator(IDataSeries input, int period)

 

Returns default value
AroonOscillator(int period)[int barsAgo]
AroonOscillator(IDataSeries input, int period)[int barsAgo]

 

 

Return Value

double; Accessing this method via an index value [int barsAgo] returns the indicator value of the referenced bar.

 

 

Parameters

input

Indicator source data (?)

period

Number of bars used in the calculation

 

 

Examples

// Prints the current values of a 20 period AroonOscillator using default price type
double upValue = AroonOscillator(20)[0];
Print("The current AroonOscillator value is " + upValue.ToString());

 

// Prints the current values of a 20 period AroonOscillator using high price type
double upValue = AroonOscillator(High, 20)[0];
Print("The current AroonOscillator value is " + upValue.ToString());

 

 

Source Code

You can view this indicator method source code by selecting the menu Tools > Edit NinjaScript > Indicator within the NinjaTrader Control Center window.