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MetaStock
Formula - Aroon
Indicators, by Tushar Chande
rev. 01/06/97
For interpretation
of the Aroon indicators refer to Tushar Chande's
article "Time Price Oscillator"
in the September, 95 Technical Analysis of
Stocks & Commodities magazine.
The Aroon down:
| 100*
(14 - (( If (Ref (L,-1) = LLV( L ,14 )
,1 , If ( Ref (L ,-2 ) = LLV ( L,14 ) ,2
, If ( Ref (L ,- 3 ) =
LLV(
L,14 ) ,3 ,If ( Ref (L ,-4 ) = LLV ( L
,14 ) ,4 ,If (Ref ( L ,-5 ) = LLV ( L
,14 ) ,5 ,If (Ref (L ,-6 ) =
LLV(
L,14 ) ,6 ,If ( Ref (L ,-7 ) = LLV (
L,14 ) ,7 ,If (Ref ( L ,-8 ) = LLV ( L
,14 ) ,8 ,If (Ref( L ,-9 ) =
LLV(
L,14 ) ,9 ,If ( Ref (L,-10) = LLV (L,14
) ,10 ,If (Ref (L ,-11) = LLV( L,14 )
,11 ,If (Ref(L,-12 ) =
LLV(L
,14) ,12,If ( Ref (L,-13) = LLV (L ,14 )
,13 ,If ( Ref ( L,-14) = LLV( L,14 ) ,14
,0) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) / 14
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The Aroon up:
| 100
* ( 14 - ( ( If (Ref (H ,-1) = HHV(H ,14
) ,1 ,If (Ref (H ,-2 ) = HHV (H ,14 ) ,2
,If (Ref (H ,- 3 ) =
HHV(H
,14 ) ,3, If (Ref (H ,-4 ) = HHV(H ,14 )
,4 ,If (Ref (H ,-5 ) = HHV(H ,14 ) ,5
,If (Ref (H ,-6 ) =
HHV(H
,14 ) ,6 ,If (Ref (H,-7 ) = HHV(H ,14 )
,7 ,If (Ref (H ,-8 ) = HHV(H ,14) ,8 ,
If (Ref (H ,-9 ) =
HHV(H
,14) ,9 ,If (Ref (H ,-10 ) = HHV(H ,14 )
,10 ,If (Ref (H ,-11 ) = HHV(H ,14) ,11
,If (Ref (H ,-12 ) =
HHV(H
,14) ,12 ,If (Ref(H ,-13) = HHV(H ,14 )
,13 ,If (Ref (H ,-14 ) = HHV(H ,14 ) ,14
,0 ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) /
14
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The Aroon Oscillator
= Aroon up - Aroon down.
** The UP and DOWN
Aroon indicators are to be plotted in the same
inner-window.
** These are
constructed using 14 time periods, you can alter
this by replacing every entry of 14 with the
desired time period.
Note: The Aroon
indicators are built in indicators, in MetaStock
6.0 for Windows. |
