AroonOscillator
Posted by Mohammad Rahhal, Last modified by Laith Ghawi on 05 July 2019 01:42 PM

Syntax

 Public Function AroonOscillator(chart_ID As Long, period As Integer) As String

Description

The Aroon Oscillator 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, a value 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 (AroonOscillator(0,14)) 'Draws the indicator on the chart and shows a message box with the indicator name.

End Sub

See Also


Back to VTL Client Script Index

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