v0.8.6: update indicator docs, ndepend tooling, ALMA refactor, gitignore cleanup

This commit is contained in:
Miha Kralj
2026-03-13 13:46:52 -07:00
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| **PineScript** | [aroonosc.pine](aroonosc.pine) |
- The Aroon Oscillator condenses the dual-line Aroon system into a single zero-centered value by computing $\text{AroonUp} - \text{AroonDown}$.
- Parameterized by `period`.
- Output range: $-100$ to $+100$.
- Requires `period` bars of warmup before first valid output (IsHot = true).
- **Similar:** [Aroon](../aroon/Aroon.md), [CMO](../../momentum/cmo/Cmo.md) | **Complementary:** ADX for trend strength | **Trading note:** Aroon Up minus Aroon Down; positive = uptrend, negative = downtrend.
- Validated against TA-Lib, Skender, and Tulip reference implementations where available.
The Aroon Oscillator condenses the dual-line Aroon system into a single zero-centered value by computing $\text{AroonUp} - \text{AroonDown}$. This distills the temporal battle between fresh highs and fresh lows into a bounded $[-100, +100]$ metric where positive values indicate bullish recency dominance and negative values indicate bearish. Unlike recursive indicators that accumulate floating-point drift, the Aroon Oscillator is purely windowed — its value depends only on data within the lookback period, making it stateless in the long term and immune to initialization poisoning. The step-function output reflects discrete events (new extremes appearing or aging out) rather than smooth price trajectories.
@@ -114,4 +112,4 @@ Trivially parallelizable subtraction step after Aroon computation.
- Chande, T.S. — *The New Technical Trader* (John Wiley & Sons, 1995)
- Chande, T.S. — *Beyond Technical Analysis* (John Wiley & Sons, 1995)
- PineScript reference: `aroonosc.pine` in indicator directory
- PineScript reference: `aroonosc.pine` in indicator directory