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v0.8.6: update indicator docs, ndepend tooling, ALMA refactor, gitignore cleanup
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@@ -13,9 +13,7 @@
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| **PineScript** | [aroon.pine](aroon.pine) |
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- The Aroon indicator measures the temporal freshness of price extremes, answering not "how much did price move?" but "how long ago did it make a new...
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- Parameterized by `period`.
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- Output range: Varies (see docs).
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- Requires `period` bars of warmup before first valid output (IsHot = true).
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- **Similar:** [AroonOsc](../aroonosc/AroonOsc.md), [ADX](../adx/Adx.md) | **Complementary:** Volume for confirmation | **Trading note:** Aroon Up/Down measures time since highest high or lowest low; 100 = new high/low this period.
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- Validated against TA-Lib, Skender, and Tulip reference implementations where available.
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The Aroon indicator measures the temporal freshness of price extremes, answering not "how much did price move?" but "how long ago did it make a new high or low?" Aroon Up tracks the recency of the highest high within the lookback window; Aroon Down tracks the recency of the lowest low. Both are normalized to 0-100 where 100 means the extreme occurred on the current bar and 0 means it occurred at the far edge of the window. A companion Aroon Oscillator (Up minus Down) provides a single zero-centered metric for trend bias. Unlike recursive indicators that accumulate floating-point drift, Aroon is purely windowed — its value depends only on data within the lookback period, making it immune to initialization artifacts.
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@@ -120,4 +118,4 @@ Batch mode with SIMD prefix-max/min and horizontal ArgMax achieves ~4× throughp
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- Chande, T.S. — *Beyond Technical Analysis* (John Wiley & Sons, 1995)
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- Chande, T.S. — *The New Technical Trader* (John Wiley & Sons, 1995)
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- PineScript reference: `aroon.pine` in indicator directory
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- PineScript reference: `aroon.pine` in indicator directory
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