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Aroon Indicator

Hi

I like to write a scan to look for stocks meeting the following criteria:

1. Aroon Up line crosses up Aroon Down line.

and

2. Aroon Up line reaches above 75.

Any help is appreciated. Thanks.

Comments

  • markdmarkd ✭✭✭
    @Andyt This is pretty straightforward.

    If you haven't already, click on the "Instructions" link at the very bottom of the Advanced Scan Page to get a good overview of how the scan page works. Also follow the links at the bottom of the Instructions page for videos and sample scans you can copy and modify (or use as is).

    For your scan, to write it yourself, you can select the Aroon Up and Aroon Down from the "Technical Indicators" drop down and click Insert. For Aroon Up, just change the 70 to 75.

    For the crossover, you need to select both Aroon Up and Aroon down and edit the inserted text to put them both on the same line. Then put the crossover operator "x" between them.

    Then hit check syntax and fix any errors. Then run it.

    If you run into problems, post what you have and someone will take a look at it.
  • AndyT,

    I use the following for the Aroon's

    //Scan 30AA
    //Stocks in a New Uptrend (Aroon) UP up and over Down
    [type=stock]
    and [country is US]
    and[Close > 6.0]
    and [Daily SMA(50,Daily Volume) > 500000]
    and [aroon osc x 0]
    and [yesterday's aroon osc <= 0]

    Hope this can help,

    Quill -
  • Thanks, Mark. I will check it out.
  • Hi Quill

    Thanks for your posting.

    Does your scan give you lots of candidates ? How do you filter them out further ? Thanks
  • Andyt,

    No other filters used other than the two scans below:
    I add the ARRON OSC as a confirmation of the Xovers on the charts.

    Scan - 30A New Uptrend (arron) Down up and over UP ....found 62 as of 2:38pm est

    Scan - 30AA New Uptrend (arron) UP up and over Down... found 13 as of 2:51pm est

    //Scan 30A
    //Stocks in a New Uptrend (Aroon) UP up and over UP
    [type=stock]
    and [country is US]
    and[Close > 6.0]
    and [Daily SMA(50,Daily Volume) > 500000]
    and [aroon osc x 0]
    and [yesterday's aroon osc >= 0]

    - - - - -
    Scan 30AA -
    Sample....http://stockcharts.com/h-sc/ui?s=BGC&p=D&yr=0&mn=4&dy=0&id=p37163530622 the AROON OSC matches the AROON Xovers.

    Scan 30A -
    Sample....http://stockcharts.com/h-sc/ui?s=AEL&p=D&yr=0&mn=4&dy=0&id=p59822798120 ditto.

    Hope this can be of some assistance

    Quill -


  • Hi Quill

    How do you combine Aroon Osc and Aroon x-over scan formula ?

    I believe below is Aroon osc that crosses above zero:

    [type=stock]
    and [country is US]
    and[Close > 6.0]
    and [Daily SMA(50,Daily Volume) > 500000]
    and [aroon osc x 0]
    and [yesterday's aroon osc <= 0]

    How do you add Aroon X-over formula to above ? I appreciate your input. Thanks.
  • sample: make modifications for your requirements

    go to the bottom and click "Aroon-UP and Aroon-Down are below20:" blue line to the following.

    http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:aroon

    below the Aroon Down box click on it and add Aroon osc.

    ran the test and found 36 stocks.
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