Aroon

🎯Overview
Aroon → is a beautifully visualized trend detection indicator that measures the strength and direction of market trends using the Aroon oscillator. It provides clear signals for identifying trend beginnings, strength, and potential reversals.

Key Features
📊 Dual Component Analysis
Aroon Up: Measures time since highest high within the specified period

Aroon Down: Measures time since lowest low within the specified period

Aroon Average: The difference between Aroon Up and Aroon Down (oscillator)

🎨 Customizable Visualization
5 Color Themes: Choose from Classic, Modern, Robust, Accented, or Monochrome

Visual Fill Areas: Color-coded overbought/oversold zones

Clear Labels: Direct labeling of both Aroon lines for easy reading

📈 Trend Detection System
Cross Signals: Bullish when Aroon Up crosses above Aroon Down

Bearish Signals: Bearish when Aroon Up crosses below Aroon Down

Trend Strength: The spread between lines indicates trend strength

How It Works
Indicator Logic
Aroon Up = [(Period - Periods since highest high) / Period] × 100

Aroon Down = [(Period - Periods since lowest low) / Period] × 100

Aroon Average = Aroon Up - Aroon Down (oscillator between -100 and +100)

Trend Signals: Generated when the two lines cross

Interpretation Guidelines
Strong Uptrend: Aroon Up near 100, Aroon Down near 0

Strong Downtrend: Aroon Down near 100, Aroon Up near 0

Consolidation: Both lines moving together below 50

Trend Beginning: Lines diverging after being close together

Trend Reversal: Lines crossing each other

Display Options
Visual Components
Aroon Lines (optional): Show individual Up/Down lines

Aroon Average (optional): Show the oscillator with fill zones

Background Highlights: Color background on crossover signals

Summary Table: Large text showing current trend direction

Color Themes
Classic: Green/Red (traditional)

Modern: Teal/Purple (contemporary)

Robust: Gold/Burgundy (bold)

Accented: Purple/Pink (vibrant)

Monochrome: Gray/Charcoal (subdued)

Trading Applications
Entry Signals
Long Entry: Aroon Up crosses above Aroon Down

Short Entry: Aroon Up crosses below Aroon Down

Trend Confirmation: Use with price action for validation

Trend Analysis
Trend Strength: Distance between lines indicates momentum

Trend Maturity: Line levels show how old the trend is

Range Identification: Both lines low indicates consolidation

Customization Settings
Aroon Configuration
Length: Default 6 periods (adjustable)

Show Lines: Toggle Aroon Up/Down lines

Show Average: Toggle Aroon oscillator display

Color Theme: Choose from 5 visual styles

Alert System
Cross Alerts: Notifications for bullish/bearish crossovers

Custom Messages: Includes ticker symbol in alert messages

Benefits for Traders
📊 Clear Trend Identification
Visual representation of trend strength and direction

Easy-to-spot crossovers for potential entries

Multiple display options for different trading styles

🎯 Versatile Application
Works on all timeframes

Suitable for all markets (stocks, forex, crypto)

Can be combined with other indicators for confirmation

⚡ Practical Features
Real-time alerts for crossovers

Clean, uncluttered visualization

Customizable to match your chart aesthetics

Large trend direction display for quick assessment

Perfect for trend-following traders who want a clear, visual indicator that identifies both trend direction and strength without complex calculations. The Aroon indicator is particularly effective at spotting new trends early and identifying when trends are weakening or reversing.