Aroon Horn
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Aroon Horn Is a client side VTL indicator used to determine the breakouts in direction of an instrument. It calculates how far the recent high and lows have occurred from the current candle – expressed as a percentage.
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Aroon Horn Is a client side VTL indicator used to determine the breakouts in direction of an instrument. It calculates how far the recent high and lows have occurred from the current candle – expressed as a percentage.
It is composed of two components, bullish (blue) and bearish (red) lines. The bullish line is calculated by counting the number of candles between the current candles and the recent high (over AROON PERIOD candles). This value is expressed as percentage and subtracted from 100. The bearish line is calculated by counting the number of candles between the current candle and the recent low (over AROON_PERIOD candles). This value is expressed as percentage and subtracted from 100. Greater the value of the blue line, stronger the bullish trend and a bullish breakout possibility.
Usage
- Download the attachment.
- Copy it to your company VertexFX Local VTL Files folder i.e. C:Program FilesCompany Namevtl10Local VTL Scripts
- Restart your Client Terminal or Right Click on “Local VTL Scripts” Tree Node to find the script.
Additional information
| Plugin-Type | Client VTL – Custom Indicator |
|---|---|
| Compatibility |