This article has been translated from English to Gen Z Slang.
The Aroon Up/Down indicator is like the vibe check for when prices are on a roll or just chillin' sideways. 😎📈
My dude Tushar Chande is the brain behind it, calling it "aroon" because it means "dawn's early light" in Sanskrit, aka when night flips to morning. 🌅✨
This bad boy uses two lines: Aroon Up and Aroon Down.
- Aroon Down tells you how the current bar is stacking up against the lowest Low bar in the last N bars. 📉😬
- Aroon Up is all about where the current bar stands against the highest High bar in the last N bars. 📈🔥
The Aroon Up/Down vibe check scale runs from 0 to 100, fam.
And the go-to period? 14 days, no cap. ⌛
How to Flex with Aroon Up/Down
- If prices make a new high in 14 days, Aroon Up = 100. 🚀🥳
- If prices make a new low in 14 days, Aroon Down = 100. 😭👇
- If prices don’t hit new highs in 14 days, Aroon Up = 0. 😶 #boring
- If prices stay away from new lows for 14 days, Aroon Down = 0. 😇👌
Just like our bestie ADX, Aroon shows if the market's on a trend train or just vibing. 🛤️📉
If you wanna dive deeper, check out the homie Aroon Oscillator. It’s just the difference between Aroon Up and Aroon Down levels. 🏅✨