PROTECTED SOURCE SCRIPT
stelaraX - Aroon
stelaraX – Aroon
stelaraX – Aroon is a trend strength and trend direction indicator designed to measure how recently price has reached new highs or lows over a defined period. It helps traders identify emerging trends, trend dominance, and potential transitions between trending and ranging market phases.
This indicator is part of the stelaraX ecosystem, focused on clean technical analysis and AI-supported chart evaluation
stelarax.com
Core logic
The Aroon indicator consists of two lines, Aroon Up and Aroon Down, which quantify the time since the last highest high and lowest low within a user-defined lookback period.
Key principles:
* Aroon Up measures how recently a new high has been formed
* Aroon Down measures how recently a new low has been formed
* values range between 0 and 100
* high Aroon Up values indicate strong bullish trend pressure
* high Aroon Down values indicate strong bearish trend pressure
When Aroon Up stays above Aroon Down, bullish trends dominate. When Aroon Down remains above Aroon Up, bearish trends dominate. Readings around the mid-zone suggest weak or non-directional markets.
Visualization
The script plots:
* the Aroon Up line in a separate indicator pane
* the Aroon Down line in a separate indicator pane
* reference levels at 70 (strong trend), 50 (neutral), and 30 (weak trend)
Color-coded lines and dashed threshold levels provide a clear visual structure for trend evaluation.
Use case
This indicator is intended for:
* identifying trend direction and trend strength
* detecting early trend formation phases
* distinguishing trending from ranging market conditions
* filtering trades based on dominant market direction
* supporting trend-following and breakout strategies
It is especially effective when combined with momentum oscillators, price structure, or AI-assisted chart analysis.
Disclaimer
This indicator is provided for educational and technical analysis purposes only and does not constitute financial advice or trading recommendations. All trading decisions and risk management remain the responsibility of the user.
stelaraX – Aroon is a trend strength and trend direction indicator designed to measure how recently price has reached new highs or lows over a defined period. It helps traders identify emerging trends, trend dominance, and potential transitions between trending and ranging market phases.
This indicator is part of the stelaraX ecosystem, focused on clean technical analysis and AI-supported chart evaluation
stelarax.com
Core logic
The Aroon indicator consists of two lines, Aroon Up and Aroon Down, which quantify the time since the last highest high and lowest low within a user-defined lookback period.
Key principles:
* Aroon Up measures how recently a new high has been formed
* Aroon Down measures how recently a new low has been formed
* values range between 0 and 100
* high Aroon Up values indicate strong bullish trend pressure
* high Aroon Down values indicate strong bearish trend pressure
When Aroon Up stays above Aroon Down, bullish trends dominate. When Aroon Down remains above Aroon Up, bearish trends dominate. Readings around the mid-zone suggest weak or non-directional markets.
Visualization
The script plots:
* the Aroon Up line in a separate indicator pane
* the Aroon Down line in a separate indicator pane
* reference levels at 70 (strong trend), 50 (neutral), and 30 (weak trend)
Color-coded lines and dashed threshold levels provide a clear visual structure for trend evaluation.
Use case
This indicator is intended for:
* identifying trend direction and trend strength
* detecting early trend formation phases
* distinguishing trending from ranging market conditions
* filtering trades based on dominant market direction
* supporting trend-following and breakout strategies
It is especially effective when combined with momentum oscillators, price structure, or AI-assisted chart analysis.
Disclaimer
This indicator is provided for educational and technical analysis purposes only and does not constitute financial advice or trading recommendations. All trading decisions and risk management remain the responsibility of the user.
受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用，没有任何限制 — 了解更多信息这里。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用，没有任何限制 — 了解更多信息这里。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。