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Technical Indicator

home/Knowledge Base/Technical Support/API/Client API's/VTL/VTL Client Scripts/Technical Indicator/Aroon

Aroon

6 views 0 Updated on December 16, 2021 hybrid-solutions

Syntax

 Public Function Aroon(chart_Id As Long, period As Integer) As String

Description

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).

Parameters

Key Description
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.

Return value

Returns the handles of a technical indicator, in case of failure returns an empty string.

Sample

Public Sub main()AlertMessage (aroon(0,14)) 'Draws the indicator on the chart and shows a message box with the indicator name.End Sub

See Also

  • AroonOscillator
  • ChaikinMoneyFlow
  • ChaikinVolatility


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