Aroon Modified, ver. 3 — Indicator by capissimo

oscillator volatility trendanalysis aroon

Several views of Aroon Indicator - original, binarized, smoothed and differenced.
More 'readable' variations of this indicator will help to appreciate its role and integrate into trading strategies more readily.
***Added differenced Aroon view as well as corrected minor shortcomings***

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

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