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Aroon_oscillator

Aroon Oscillator [BigBeluga]Aroon Oscillator with Mean Reversion & Trend Signals is a versatile tool that helps traders identify both trend direction and potential mean reversion points. The core Aroon Oscillator tracks the strength of a trend by measuring how long it has been since a high or low price occurred within a specified period. This oscillator provides trend-following signals (LONG/SHORT) along with mean reversion signals, giving traders both the ability to ride trends and anticipate reversals. The unique feature of this indicator is the Mean Reversion Signals, marked with dots on the main chart, indicating potential points where the trend might reverse or retrace. In addition, trend-following signals (LONG and SHORT) are plotted directly on the chart, providing clear entry and exit points when a trend is beginning or ending. 🔵 IDEA The Aroon Oscillator with Mean Reversion indicator provides a combined approach of trend analysis and mean reversion. The core idea is to track the health and momentum of trends, while also identifying when those trends might reverse or slow down. This dual approach allows traders to both follow the prevailing market direction and also capture mean reversion opportunities. The oscillator is smoothed with John Ehlers' Zero Lag function , which helps reduce noise and improves signal clarity by removing lag without sacrificing the indicator's responsiveness. The indicator uses color-coded signals and an easy-to-read oscillator to visually represent different types of signals on the chart. This makes it easy for traders to spot important changes in market trends and take action based on both the trend-following and mean reversion aspects of the indicator. 🔵 KEY FEATURES & USAGE Trend Following Signals (LONG/SHORT): In addition to mean reversion signals, the indicator also provides clear trend-following signals. LONG signals (green arrows) are plotted when the oscillator crosses above zero, indicating a potential uptrend. Conversely, SHORT signals (blue arrows) are plotted when the oscillator crosses below zero, signaling a potential downtrend. Mean Reversion Signals: This indicator features unique mean reversion signals, represented by dots on the main chart. These signals occur when the oscillator crosses over or under a smoother signal line, indicating that the current trend might be losing strength and a reversal or retracement is possible. Green dots represent a possible upward reversion, while blue dots signal a potential downward reversion. Color-Coded Signals and Oscillator: The Aroon Oscillator is color-coded to make it visually easier for traders to differentiate between trends and mean reversion signals. When the oscillator is above zero, the area is filled with green, and when it is below zero, the area is filled with blue. This visual representation helps traders quickly identify the current market condition at a glance. 🔵 CUSTOMIZATION Aroon Length & Smoothing: Control the sensitivity of the Aroon Oscillator by adjusting the lookback period and smoothing settings, allowing traders to fine-tune the indicator to match different market conditions. Mean Reversion Signals: Enable or disable mean reversion signals based on your trading preferences. Adjust the signal line length to control when these reversal signals are triggered. Color Customization: Customize the colors for the oscillator and signals to match your chart’s color scheme for better visual clarity.
Pine Script™ indicator
by BigBeluga
8
Aroon Oscillator [bkeevil]The Aroon Oscillator is intended to highlight short-term trend changes by comparing the number of periods since the last high with the number of periods since the last low. Since the crossover rules for this oscillator frequently give false signals, I have opted for a more general approach: When the oscillator passes above the 50 line, the background of the indicator will turn green, indicating a general short term buy condition. When the oscillator passes below the -50 line, the background of the indicator will turn red, indicating a general short term sell condition. Use this indicator in combination with other indicators and price signals to identify short term trend changes. This version improves on existing versions by: Adding background colors to indicate general buy/sell conditions More visually appealing Uses the latest version 5 features Well documented source code that conforms to the style guide
Pine Script™ indicator
by bkeevil
Aroon [Loxx]The Aroon indicator is a technical indicator that is used to identify trend changes in the price of an asset, as well as the strength of that trend. In essence, the indicator measures the time between highs and the time between lows over a time period. The idea is that strong uptrends will regularly see new highs, and strong downtrends will regularly see new lows. The indicator signals when this is happening, and when it isn't. Included: -Long and short signal cross entries -Continuation long and shorts entries calculated by lagged same-signal cross-ups and cross-downs This is an exact clone of the "Aroon" for MT4 indicator
Pine Script™ indicator
by loxx
2
Aroon VariantArron Variant is based on the original Arron but with a twist, Arron Variant measures the difference between highs and lows over a time period, opposed to the original Arron who measures the time (bars) between highs and lows over a time period. Also added a few optional moving averages like EMA, HMA and JMA. (Default JMA - Jurik Moving Average) ===== Color Explained ===== Bright Green: Column is above zero and ascending or equal from previous column. (Stronger uptrend) Darker Green: Column is above zero and descending or equal from previous column. (Weakening uptrend) Bright Red: Column is below zero and descending or equal from previous column. (Stronger downtrend) Darker Green: Column is below zero and ascending or equal from previous column. (Weakening downtrend) ==== Notes ===== Support different multi time frames (recommended to use higher time frames than chart time frame to avoid unrealistic results) Bar colors are disabled by default. For other coders: Using Latest Pinescript color framework (Link in code) Like if you Like and Follow me for upcoming indicators/strategies: www.tradingview.com
Pine Script™ indicator
by dman103
3
Trend-Following Combo-SuperTrend, EMA, Aroon, DMI, Laguerre RSIThis is a trend-following indicator which condenses two SuperTrend indicators -- one based on analysis over a shorter period of time (1.5, 7), and one based on analysis over a longer period of time (1.65, 100) -- into a single indicator which appears on your chart only when both the shorter- and longer-term analysis indicates a "SuperTrend" in the same direction. Additionally, potential trade entry indicators are displayed in the form of up and down arrows when (by default) three of the following five indicators suggest that the market is trending in the same direction as both the shorter- and longer-term SuperTrend indicators: EMA Crossover (8, 15) Aroon Indicator (8) Aroon Oscillator (8) Directional Movement Index (DI +/-) (8) Laguerre RSI (13) You may update the parameters of any of the indicators to match your own preferences. Additionally, you may also adjust the "Threshold" of indicators that must be in agreement with the SuperTrend to show a potential trade entry arrow. Bear in mind that if you set the Indicator Threshold too low, you will see more frequent trade entry arrows, many of which will not be profitable if taken. Similarly, set this value too high, and you will see fewer trade entry arrows that may not appear until after most of the "juice" in the trend has evaporated. Ideal values for the threshold seem to be between 2-4, depending on the symbol you are trading. The following image shows all of the indicators referenced above on a 5-minute chart of the SPY during a single trading day: And, here is the same period of time showing only the Trend-Following Combo indicator with default settings: This indicator would not have been possible save for work contributed by the following: SuperTrend by Rajandran R Aroon w/ crossovers highlighted by seiglerj Aroon Oscillator by jcrewolinsky Directional Movement Index by TradingView Laguerre RSI (Self Adjusting Alpha with Fractals Energy) by everget
Pine Script™ indicator
by jadamcraig
13
Time Price IndicatorIntroduction There are already several indicators who measure the time behavior relative to price, the most well know being the Aroon indicator published by Tushar Chande. I propose an alternative indicator TPI who tend to create less whipsaw's at the cost of small reactivity. The Indicator The TPI is in a range of 0.5/-0.5 and is no different than the Aroon indicator when it come to signal generation, when the upper line (in blue) crossover the lower line (in orange) the indicator generate a buy signal, when the lower line cross under the upper line a sell signal is generated. Comparison The Aroon indicator tend to use more information which involve more reactivity but more uncertainty as well. Aroon and TPI with both length = 50. White lines represent signals where the Aroon and my proposed indicator react at the same time, the red line show a whipsaw and the green line show a signal generated faster by the Aroon. Here is a more pertinent exemple Aroon reacted to price range which at the end involved many whipsaw, the TPI however stayed on a sell signal and did not reacted to this price range. The cost to avoid so many whipsaw was a reactivity of 7 bars back when the sell signal of the TPI was generated. A statistic of the signal numbers generated by both indicator is shown below The blue line show the number of signals generated by the Aroon indicator and in orange the number generated by the TPI with both length = 14. Aroon generated 410 while the TPI generated 288 signals. Conclusion The Aroon indicator and TPI can both generate a signal at the same time or with a small period deviation with the ability of the TPI to avoid some whipsaw.
Pine Script™ indicator
by alexgrover
12