The Aroon indicator is a technical analysis tool used to identify potential trend changes and gauge the strength of existing trends. Developed by Tushar Chande, it uses two lines, Aroon-Up and Aroon-Down, to measure the time elapsed since the price has reached its highest and lowest points over a specified period. The indicator helps traders determine if a security is trending and the strength of that trend. Here's a more detailed explanation:What it measures:
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