The Aroon Oscillator is calculated by subtracting the Aroon Down from the Aroon
Up. The resultant number will oscillate between 100 and -100. The Aroon Oscillator
will be high when the Aroon Up is high and the Aroon Down is low, indicating a strong
upward trend. The Aroon Oscillator will be low when the Aroon Down is high and the
Aroon Up is low, indicating a strong downward trend. When the Up and Down are approximately
equal, the Aroon Oscillator will hover around zero, indicating a weak trend or consolidation.
See the Aroon indicator for more information.
The Aroon indicator was developed by Tushar S. Chande and first described in the
September 1995 issue of Technical Analysis of Stocks & Commodities magazine.