Aroon Up/Down and Oscillator

[DaveSkender]

Community discussion about Aroon Up/Down and Oscillator

[GmiSoft]

Hi Dave,

I have a question about the interpretation of the Oscillator property of the Aroon indicator.
Thank you in advance.

[DaveSkender]

Sure, what's your question?

[GmiSoft]

I found in literature information about how to use the Aroon indicator for buying or selling signals (using Up and Down values). But no information on how to use the Oscillator value. maybe I missed something ^^

[DaveSkender]

The oscillator is an optional or alternate component and is simply AroonUp-AroonDown, so its another way of looking at the combined trend of both lines. StockChart.com has a good explanation of the oscillator here.