AroonUp(String,Series) Method
Evaluates the Aroon Up indicator which measures the relative time since the last highest high.
Syntax
'Declaration Public Overloads Shared Function AroonUp( _ ByVal elementName As String, _ ByVal s As Series _ ) As Element
'Usage Dim elementName As String Dim s As Series Dim value As Element value = FinancialEngine.AroonUp(elementName, s)
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).
Requirements
Target Platforms: Windows 7, Windows Vista SP1 or later, Windows XP SP3, Windows Server 2008 (Server Core not supported), Windows Server 2008 R2 (Server Core supported with SP1 or later), Windows Server 2003 SP2
See Also