[blackcat] L3 Zen Stroke Aroon

25 ก.พ. 2023

Level 3
Background

The Aroon indicator developed by Tushar Chanand indicates whether there is a trend price or is located in a trading area.

Function

Classical Aroon can also show the beginning of a new trend, its strength and expectation of changes from trade areas to trends. However, i found it contained to much noise and i was wondering how to remove this noise. Finally, I decide to use my Zen Stroke script to locate peaks and valleys firstly and then use the generated but confirmed peak and valleys to produce a new kind of Aroon indicator. It results in less signal even with smaller length parameter.

Remarks
Feedbacks are appreciated.