Aroon Indicator

✓ Compatible with desktop and web

 

Description

The Aroon indicator attempts to identify starting trends. The indicator consists of up and down lines, which measure how long it has been since the highest high/lowest low has occurred in the last n periods. Developed by Tushar Chande in 1995. This Spotfire template uses the aroon function inside the TTR package, leveraging the TERR engine for technical analysis.

Features

Aroon up (down) is the elapsed time, expressed as a percentage, between today and the highest (lowest) price in the last n periods. If today’s price is a new high (low) Aroon up (down) will be 100. Each subsequent period without another new high (low) causes Aroon up (down) to decrease by (1 / n) x 100.

Reference

Ulrich, Joshua. “Technical Trading Rules.” Package ‘TTR’, 0.23-2, CRAN R-Project, 11 July 2017, cran.r-project.org/web/packages/TTR/TTR.pdf.

Installation

A template is an analysis file created in TIBCO Spotfire. The intended use is to replace the data and utilize the configured visualizations and calculations.

  1. Download the template to your personal machine. Login into your own Spotfire server and open the downloaded file.
  2. Review the tables shown on the data load page. These are the tables you'll replace.
  3. Replace the data with another Excel sheet or connect the template directly to your database or platform.
  4. Customize with your own data. You are free to embed and incorporate your template into other projects.
  5. All done!

Spotfire Templates are provided as is and do not require licenses.

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Aroon Indicator

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Product Details
Release date: October 28, 2017
Last updated: October 28, 2017
Current version: 1.0
Software application type: Spotfire Template
File format: .dxp, .zip
File size: 300kb
Requirements: TIBCO Spotfire 7.9+
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