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aroon

Calculate the Aroon Indicator.

The word aroon is Sanskrit for "dawn's early light." The Aroon indicator attempts to show when a new trend is dawning. The indicator consists of two lines (Up and Down) that measure how long it has been since the highest high/lowest low has occurred within an n period range.

When the Aroon Up is staying between 70 and 100 then it indicates an upward trend. When the Aroon Down is staying between 70 and 100 then it indicates an downward trend. A strong upward trend is indicated when the Aroon Up is above 70 while the Aroon Down is below 30. Likewise, a strong downward trend is indicated when the Aroon Down is above 70 while the Aroon Up is below 30. Also look for crossovers. When the Aroon Down crosses above the Aroon Up, it indicates a weakening of the upward trend (and vice versa).

Parameters​

data: list[openbb_core.provider.abstract.data.Data]

list of data to be used for the calculation.

• Optional: False

index: str

Index column name to use with data, by default 'date'.

• Default: date

• Optional: True

length: int

Number of periods to be used for the calculation, by default 25.

• Default: 25

• Optional: True

scalar: float

Scalar to be used for the calculation, by default 100.

• Default: 100

• Optional: True

Returns​

results: list[Data]

Serializable results.

provider: None

Provider name.

warnings: Optional[list[Warning_]]

list of warnings.

chart: Optional[Chart]

Chart object.

extra: dict[str, Any]

Extra info.

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