This article has been translated from English to Gen Z Slang.
The Aroon Oscillator peeks into trend vibes, subtracting Aroon Down from Aroon Up, ya know? 😎
Birthed by Tushar Chande back in the 90s, the Aroon system’s your go-to for checking if prices are vibing in a trend and how lit that trend is. 🚀
“Aroon” is like the OG “Dawn’s Early Light” in Sanskrit, a hype name because it dishes out the deets on fresh trends before anyone else notices. 🌅✨
The Aroon Oscillator swings between -100 and +100, zero chillin’ as the middle ground. If it’s zoomin’ towards the top, think uptrend; downwards, it’s a low-key downtrend. The closer to the edge, the stronger the vibe. 🔥
The Aroon Oscillator: it’s like one line repping the diff between Aroon(up) and Aroon(down).
Every one of these takes just one parameter, the time periods used for the math, fam. ℹ️
With Aroon(up) and Aroon(down) both vibing between 0 and +100, the Oscillator's got a range from -100 to +100, where zero's just vibing as the crossover line. 🤖
Aroon(up) for any timeframe gets its value by seeing how much time passes percentage-wise from the start until the highest closing price hits during that time. ⏱️
If prices pop new highs during that period, Aroon(up) hits 100 like it's flexing at its peak. 📈
But if it’s all downhill and lower everyday, Aroon(up) hits rock bottom at zero. 📉
Flip the script for Aroon(down): it’s out here ghost-hunting for lows, not highs.
Consolidation
If Aroon(up) and Aroon(down) are having a chill sesh moving closer, it’s all about that consolidation life, no wild trends in sight. 😴
Upward Momentum
When Aroon(up) dips under 50, the current trend lost its fave vibe, that upward momentum. 💤
Downward Momentum
With Aroon(down) slipping under 50, that usual downtrend ain’t hittin’ the same anymore. 🚶♂️
Trend Direction
Values over 70 announce that the trend is popping off, in line with what Aroon says (up or down). 📡
Values under 30 lowkey indicate the trend is now flipping scripts. 🔄
New Trend
The Aroon Oscillator passes the vibe check for an upward trend when it’s above zero. Dropping low below zero means downward trends ahead. 👇
Trend Strength
The further that oscillator drifts from zero, the wavier the trend, no cap. 🔥