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This page contains the formula for Aroon Indicator and you can download the formula in Excel spreadsheet.
Aroon Indicator
Aroon indicator was developed by Tushar Chande in 1995, it was used to determine if a stock is trending and how strong is the trend.
There are two lines in Aroon indicator, Aroon-Up and Aroon-Down. Aroon-Up measures the strength of the uptrend and Aroon-Down measures the downtrend. Both Aroon-Up and Aroon-Down fluctuate between zero and 100, which zero indicating a weak trend and values close to 100 indicating a strong trend.
The formula for Aroon-Up is
(((# of periods - # of periods highest high recorded during that period)) / # of periods))) x 100
The formula for Aroon-Down is
(((# of periods - # of periods lowest low recorded during that period)) / # of periods)) x 100
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Technical Analysis Formula 
