AroonUp(SeriesCollection) Method

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

[Visual Basic]
Overloads Public Shared Function AroonUp( _
   ByVal sc As SeriesCollection _
) As Series

[C#]
public static Series AroonUp( 
   SeriesCollection sc
);

Parameters

sc

A collection of series objects. For example, to evaluate this indicator for two series you will need to pass a series collection containing this two series.

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).

See Also

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.

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