OPEN-SOURCE SCRIPT
Cronos Trend Aroon by Zekis
"The Aroon indicator is a technical indicator that is used to identify when trends are likely to change direction. In essence, the indicator measures the time it takes for the price to reach the highest and lowest points over a given timeframe as a percentage of total time. The indicator consists of the "Aroon up" line, which measures the strength of the uptrend, and the "Aroon down" line, which measures the strength of the downtrend."
Classic Aroon indicator with few changes:
1. Colors for trends: red line and red background = downtrend
green line and green background = uptrend
2. Crossover is signaled with an yellow stripe
3. Alerts are enabled for longs/entries and shorts/exits
Enjoy!
@Zekis
Classic Aroon indicator with few changes:
1. Colors for trends: red line and red background = downtrend
green line and green background = uptrend
2. Crossover is signaled with an yellow stripe
3. Alerts are enabled for longs/entries and shorts/exits
Enjoy!
@Zekis
Open-source script
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