OPEN-SOURCE SCRIPT

[blackcat] L2 Aroon13

1480
Level 2
Background

The Aroon indicator developed by Tushar Chanand indicates whether there is a trend price or is located in a trading area.

Function

Classical Aroon can also show the beginning of a new trend, its strength and expectation of changes from trade areas to trends. This is a traditional aroon indicator with length == 13, which exhibit good performance.

Remarks
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