Several views of Aroon Indicator - original, binarized, smoothed and differenced.
More 'readable' variations of this indicator will help to appreciate its role and integrate into trading strategies more readily.
***Added differenced Aroon view as well as corrected minor shortcomings***
Three views of Aroon Indicator - original, binarized and smoothed.
More 'readable' variations of this indicator will help to appreciate its role and integrate into trading strategies more readily.
Note that the smoothed Aroon can be viewed as a channel indicator when normalized to price series.
"The Aroon indicator is a technical indicator that is used to identify when trends are likely to change direction. In essence, the indicator measures the time it takes for the price to reach the highest and lowest points over a given timeframe as a percentage of total time. The indicator consists of the "Aroon up" line, which measures the strength of the uptrend,...
Combines 4 popular indicators (RSI, Stoch, SRSI, MFI) and 1 peculiar one (Aroon) in 1 for those who want to save indicators but not only.
This is an evolution of my (simpler) "RSI / Stoch / Stoch RSI (SRSI) Overlay " that you can find on my scripts.
Added bands for oversold/overbought areas (70/30 common for RSI and 80/20 for SRSI and MFI), as well as a middle...
This indicator converts double lined Aroon indicator into a single line oscillator.
It is simply obtained by subtracting Aroon down from Aroon Up.
*If Oscillator points 100 value, it means there is a Strong Uptrend.
*If Oscillator points values between 100 and 40, it means there is an uptrend.
*If Oscillator points values between 20 and -20, it means no trend,...
READ NOTE BEFORE APPLYING or you may think indicator doesnt work.
This indicator is a revise of another i made and contains 10 Optional Indicators allowing you to load more then 3 indicators at once if you so choose and dont pay for the platform!
Hopefully someone will find use for this script besides me :) I dont suggest turning all on at once because it
will...
READ NOTE BEFORE APPLYING or you may think indicator doesnt work.
This indicator is a revise of another i made and contains 10 Optional Indicators allowing you to load more then 3 indicators at once if you so choose and dont pay for the platform!
Hopefully someone will find use for this script besides me :) I dont suggest turning all on at once because it
will...
![BTCUSD: RSI / Stoch / SRSI / MFI / Aroon Overlay [SigmaDraconis]](https://s3.tradingview.com/4/44xSSO02_mid.png "RSI / Stoch / SRSI / MFI / Aroon Overlay [SigmaDraconis]")
