AROONOSC (Aroon Oscillator)

Indicator Description

AROONOSC (Aroon Oscillator) is a derivative indicator of the AROON indicator. It generates an oscillator by calculating the difference between the AROON Up and AROON Down lines.

Function Information

• Function Name: AROONOSC
• Input Parameters:
  • High: High price
  • Low: Low price
• Parameter Settings:
  • timeperiod: Time period (default: 14)
• Output: AROONOSC value

Calculation Principle

AROONOSC is calculated using the following formula:

AROONOSC = AroonUp - AroonDown

Where:

• AroonUp is the AROON Up line
• AroonDown is the AROON Down line

Usage Scenarios

1. Trend Strength Assessment
2. Trend Direction Confirmation
3. Trading Signal Generation
4. Market State Analysis

Usage Recommendations

1. AROONOSC > 0 indicates an upward trend
2. AROONOSC < 0 indicates a downward trend
3. Watch for zero-line crossovers
4. Pay attention to market environment changes