Sizzling Stock Picks

[GreenReeper]

The Aroon Oscillator merges the Aroon-Up and Aroon-Down indicators into one indicator. This makes it easy to identify the stronger of the two. The oscillator is positive when Aroon-Up is stronger than Aroon-Down and negative when Aroon-Down is stronger than Aroon-Up. A general bullish bias is present when the oscillator is positive and a bearish bias exists when negative. It is tempting to look for bullish and bearish divergences, but the indicator was not designed for traditional oscillator signals. As with all technical indicators, the Aroon Oscillator should be used in conjunction with other aspects of technical analysis, such as pattern analysis or momentum indicators.