Knowledgebase:
Aroon
Posted by Mohammad Rahhal, Last modified by Rawan Al Hourani on 15 June 2016 02:47 PM

Syntax

Public Function Aroon(chart_Id As Long, period As Integer) As String

The Aroon indicator is often used to determine whether a stock is trending or not and how stable the trend is.

Trends are determined by extreme values (above 80) of both lines (Aroon up and Aroon down), whereas unstable prices are determined when both lines are low (less than 20).

Parameters

Key Description 
chart_Id Chart identifier, 0 is the current chart ,value of type Long
period The calculation period, on which the indicator will be calculated, value of type Integer.

Return value

Returns the handles of a technical indicator, in case of failure returns an empty string.

Sample

Public Sub main()

AlertMessage (aroon(0,14)) 'Draws the indicator on chart and shows a message box with the indicator name.

End Sub


See Also


Back to VTL Client Script Index

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