aroon_down
Aroon Down - measures time since lowest low
aroon_down(period)
Parameters
| Name | Type | Description |
|---|---|---|
period |
int | Number of periods to look back for lowest low |
Formula
aroon_down = ((period - bars_since_lowest_low) / period) * 100
Examples
aroon_down(25); # Standard 25-period Aroon Down
aroon_down(14); # Shorter period (more sensitive)
aroon_down(25) > 70; # Strong downtrend (recent lows)
Returns
float
Range
period must be 2-400
Notes
The correlated subquery always finds the window's own min within itself, so bars_since_lowest_low resolves to a value in [0, period-1] on every bar -- never NULL
See Also
References
TradingView: ta.aroon() returns [up, down]; developed by Tushar Chande