The Aroon osciallatro is a technical indicator used to measure if a security is in a trend, and the magnitude of that trend. The indicator can also be used to identify when a new trend is set to begin. The indicator is comprised of two lines: an Aroon-up line and an Aroon-down line. A security is considered to be in an uptrend when the Aroon-up line is above 70, along with being above the Aroon-down line. The security is in a downtrend when the Aroon-down line is above 70 and also above the Aroon-up line.
Source:investopedia
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With this MTF version Aroon, you can apply any time frame of Aroon to your current chart.
You can have Aroon for 15 or 60 minute on your 5 minutes chart, or having weekly Aroon on Daily chart.
As long as the secondary time frame is greater than the primary time frame.
All time frames:
- MIN
- TWO_MIN
- THREE_MIN
- FOUR_MIN
- FIVE_MIN
- TEN_MIN
- FIFTEEN_MIN
- TWENTY_MIN
- THIRTY_MIN
- HOUR
- TWO_HOURS
- FOUR_HOURS
- DAY
- TWO_DAYS
- THREE_DAYS
- FOUR_DAYS
- WEEK
- MONTH
- OPT_EXP
