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AroonUp(String,Series) Method
See Also 
dotnetCHARTING Namespace > FinancialEngine Class > AroonUp Method : AroonUp(String,Series) Method


elementName
The name of the element which will be displayed on the chart, i.e. its label.
s
A series of the trading highs over the last n-periods where the k-th terms of the array if the trading high on the k-th previous period.
Evaluates the Aroon Up indicator which measures the relative time since the last highest high.

Syntax

Visual Basic (Declaration) 
Overloads Public Shared Function AroonUp( _
   ByVal elementName As String, _
   ByVal s As Series _
) As Element
Visual Basic (Usage)Copy Code
Dim elementName As String
Dim s As Series
Dim value As Element
 
value = FinancialEngine.AroonUp(elementName, s)
C# 
public static Element AroonUp( 
   string elementName,
   Series s
)

Parameters

elementName
The name of the element which will be displayed on the chart, i.e. its label.
s
A series of the trading highs over the last n-periods where the k-th terms of the array if the trading high on the k-th previous period.

Remarks

The indicator will return a value between 0 and 100, where a higher value indicates that the highest high was achieved more recently. Persistent values between 70 and 100 are said to indicate strength in the asset and in conjunction with a low range (i.e. 0-30) in the Aroon Down indicator, indicates an upward trend.

Evaluation of the Aroon Up Indicator

The Aroon Up indicator is given by:

100(n - (number of days since last highest high over n days))/n

where n is the number of days being considered (a reasonable default value for n is 14).

See Also