Visual Basic (Declaration) | |
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Public Overloads Shared Function AroonUp( _ ByVal elementName As String, _ ByVal s As Series _ ) As Element |
Visual Basic (Usage) | Copy Code |
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C# | |
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public static Element AroonUp( string elementName, Series 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.
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).