Question: What is Aroon Indicator on Deriv's DTrader? How does it work?
Developed by Tushar Chande in 1995, Aroon is an indicator system that determines whether a stock is trending or not and how strong the trend is.
There are two separate indicators: Aroon-Up and Aroon-Down.
A 25-day Aroon-Up measures the number of days since a 25-day high.
A 25-day Aroon-Down measures the number of days since a 25-day low.
On Deriv’s DTrader, you can use Aroon for free and apply on any chart you want.
To log in to Deriv’s DTrader, go to Deriv Official Website.