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).
|chart_Id||Chart identifier, 0 is the current chart, a value of type Long|
|period||The calculation period, on which the indicator will be calculated, avalue of type Integer.|
Returns the handles of a technical indicator, in case of failure returns an empty string.
Public Sub main()AlertMessage (aroon(0,14)) 'Draws the indicator on the chart and shows a message box with the indicator name.End Sub
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