Aroon Oscillator strategy by Saucius

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This strategy suits better for stock, indexes and commodities sufficiently volatile but with not so strong trend, where perspective of future quotations are not so certain.
For these financial instruments this system works better than others based on classical trend oscillator (like Supertrend)

This strategy starts from the idea of the creator of Aroon lines, Tushar Chande, whose suggested to an unique Aroon Oscillator (defined as Aroon Up - Aroon Down), instead of 2 lines (for reference, original article avaible in:" Stocks & Commodities , V. 13:9 : A Time Price Oscillator by Tushar Chande, Ph .D."" - paragraph: "more patterns").

Use middle line for taking position, and the extreme ones (high and low) for exiting from long/short position. Extreme lines are not use for opening position against the trend.

Best values are for EU stocks and indexes: 19 periods, middle line = - 25 (ecxpecially for shares, give the general tendency of growing). Therefore also levels for exiting long/short position are not specular (levelhigh stops at + 75, low at -85 since stocks when go down, fall often heavily)

Please give feedback for improving this strategy! All the best,
MS .
Script open-source

Nello spirito di condivisione promosso da TradingView, l'autore (al quale vanno i nostri ringraziamenti) ha deciso di pubblicare questo script in modalità open-source, così che chiunque possa comprenderlo e testarlo. Puoi utilizzarlo gratuitamente, ma il riutilizzo del codice è subordinato al rispetto del Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.

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