VOGAZ - Technical Analysis Tool and Charting Software

VOGAZ  - Technical Analysis Tool and Charting Software
VOGAZ- A Technical Analysis Tool and Charting Software for Stock, Forex & Commodity Market Investors and Traders.

Monday, April 18, 2011

Vogaz - Aroon Oscillator


A separate indicator called the Aroon Oscillator can be constructed by subtracting Aroon (down) from Aroon (up).  Aroon Oscillator oscillates between -100 and +100 with zero as the center crossover line.

The Aroon Oscillator, the positive value indicates an upward trend (or coming trend), and the negative value indicates a downward trend. The higher the absolute value of an oscillator, the stronger is an indication of a trend.

It is used to determine whether the instrument is trending and how stable the trend is. It signals an upward trend is underway when it is above zero and a downward trend is underway when it falls below zero. The farther away the oscillator is from the zero line, the stronger the trend.

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