AroonUp(String,Series) Method

Evaluates the Aroon Up indicator which measures the relative time since the last highest high.

Syntax

Visual Basic
C#

public static Element AroonUp( 
   string elementName,
   Series s
)

'Declaration
 
Public Overloads Shared Function AroonUp( _
   ByVal elementName As String, _
   ByVal s As Series _
) As Element

'Usage
 
Dim elementName As String
Dim s As Series
Dim value As Element
 
value = FinancialEngine.AroonUp(elementName, s)

Parameters

elementName: The name of the element which will be displayed on the chart, i.e. its label.
s: A series of the trading highs over the last n-periods where the k-th terms of the array if the trading high on the k-th previous period.

Remarks

The indicator will return a value between 0 and 100, where a higher value indicates that the highest high was achieved more recently. Persistent values between 70 and 100 are said to indicate strength in the asset and in conjunction with a low range (i.e. 0-30) in the Aroon Down indicator, indicates an upward trend.

Evaluation of the Aroon Up Indicator

The Aroon Up indicator is given by:

100(n - (number of days since last highest high over n days))/n

where n is the number of days being considered (a reasonable default value for n is 14).

Requirements

Target Platforms: Windows 7, Windows Vista SP1 or later, Windows XP SP3, Windows Server 2008 (Server Core not supported), Windows Server 2008 R2 (Server Core supported with SP1 or later), Windows Server 2003 SP2

Reference

FinancialEngine Class
FinancialEngine Members
Overload List
This indicator is a generalization of AroonUp indicator and calculates the values of the Aroon Up indicator over all sub-periods of a given length for all possible periods for which sufficient historical data is provided.