Overload | Description |
---|---|
AroonUpOverPeriod(String,Series,Int32) | Evaluates the Aroon Up indicator which measures the relative time since the last highest high for all periods for which sufficient data is provided. |
AroonUpOverPeriod(Series,Int32) | Evaluates the Aroon Up indicator which measures the relative time since the last highest high for all periods for which sufficient data is provided. |
AroonUpOverPeriod(SeriesCollection,Int32) | Evaluates the Aroon Up indicator which measures the relative time since the last highest high for all periods for which sufficient data is provided. |
This indicator for each period 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)
of the Aroon Down indicator, indicates an upward trend.
Evaluation of the Aroon Up Indicator
The Aroon Up indicator for each period 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).