- Aroon Oscillator
Aroon Oscillator is calculated by Subtracting the Aroon Down from Aroon Up indicator component.
Aroon Oscillator, similar to the Aroon indicator is used to assist in determining the direction of the market, uptrending, downtrending, the absence of a trend.
Aroon Oscillator interpretation.
Strong UpTrend AROON >50
Consolidation AROON - 0
Strong Down Trend AROON < -50
Aroon Oscillator has similarities with Wilder's ADX line.