Aroon Indicator OB OS Zone AFL - aflcode.com | Latest collection of Amibroker afl 2023

Aroon Indicator OB OS Zone AFL

//www.aflcode.com
PL = Param("Periods",14,4,45,1);

AroonUp = 100 * (PL - (HHVBars(H, PL + 1))) / PL;
AroonDn = 100 * (PL - (LLVBars(L, PL + 1))) / PL;

Plot(AroonUp, "Aroon Up("+PL+")", colorBrightGreen, styleThick);
Plot(AroonDn, "Aroon Dn("+PL+")", colorRed, styleThick);

PlotGrid(70, colorLightGrey);
PlotGrid(50, colorLightGrey);
PlotGrid(30, colorLightGrey);

"Aroon(up) dipping below 50 indicates that the current trend's upward momentum is gone.";
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"Similarly, Aroon(down) dipping below 50 indicates that the current trend's downward momentum is gone.";
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"Values above 70 indicate a strong trend in the same direction as the Aroon (Up or Down).";
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"Values below 30 indicate a strong trend in the opposite direction.";