Aroon Indicator
The Aroon indicator is used to identify whether a security is trending and the strength of the trend. It consists of two lines: “Aroon Up” measures how long it has been since the highest high, and “Aroon Down” measures how long it has been since the lowest low.
AROON
=AROON(data, period) Example Usage
=AROON(A2:F500, 25)
Parameters
| Parameter | Type | Description | Status |
|---|---|---|---|
data | Range | The input range of columns containing the Date, Open, High, Low, Close, and Volume data. | Required |
period | Number | The lookback period. Default is 25. | Optional |
Returns
A multi-column array containing:
- Date
- Aroon Up: (periods since high / period) * 100.
- Aroon Down: (periods since low / period) * 100.