Aroon Oscillator — Indicator by jcrewolinski

aroon indicator

Aroon Oscillator for the Aroon indicator. This creates an oscillator out of the upper and lower aroon plots.

Comment:

Don't forget to change the colors

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?

study(title="Aroon Oscillator", shorttitle="Aroon Oscillator", overlay=false)
length = input(14, minval=1)
upper = 100 * (highestbars(high, length+1) + length)/length
lower = 100 * (lowestbars(low, length+1) + length)/length
midp = 0
oscillator = upper - lower
osc = plot(oscillator, color=red)
mp = plot(midp)
top = plot(80)
bottom = plot(-80)

fill(osc, mp)
fill(top,bottom)