Can someone assist how to use the Aroon Indicator?
The Aroon indicator is composed of two lines. An up line which measures the number of periods since a High, and a down line which measures the number of periods since a Low.
When the Aroon Up is above the Aroon Down, it indicates bullish price behavior and when the Aroon Down is above the Aroon Up, it signals bearish price behavior.
Crossovers of the two lines can signal trend changes. For example, when Aroon Up crosses above Aroon Down it may mean a new uptrend is starting.
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