OPEN-SOURCE SCRIPT
Aroon Single Line
This indicator converts double lined Aroon indicator into a single line oscillator.
It is simply obtained by subtracting Aroon down from Aroon Up.
*If Oscillator points 100 value, it means there is a Strong Uptrend.
*If Oscillator points values between 100 and 40, it means there is an uptrend.
*If Oscillator points values between 20 and -20, it means no trend, it is sideways.But, when it is sideways; generally, oscillator makes FLAT LINES
between 20 and -20 values. 0 value is pointed out when the trend is downward as well, which means aroon up=aroon down.
*If Oscillator points values between -40 and -100, it means there is a downtrend.
*If Oscillator points -100 value, it means there is a Strong downtrend.
(20, 40) and (-20, -40) intervals are not mentioned, because; generally these are transition values and hard to comment, it will be more certain to
wait till values are between or at the reference values given.
It is simply obtained by subtracting Aroon down from Aroon Up.
*If Oscillator points 100 value, it means there is a Strong Uptrend.
*If Oscillator points values between 100 and 40, it means there is an uptrend.
*If Oscillator points values between 20 and -20, it means no trend, it is sideways.But, when it is sideways; generally, oscillator makes FLAT LINES
between 20 and -20 values. 0 value is pointed out when the trend is downward as well, which means aroon up=aroon down.
*If Oscillator points values between -40 and -100, it means there is a downtrend.
*If Oscillator points -100 value, it means there is a Strong downtrend.
(20, 40) and (-20, -40) intervals are not mentioned, because; generally these are transition values and hard to comment, it will be more certain to
wait till values are between or at the reference values given.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.