What do you mean by Aroon Indicator? Explain.

Aroon Indicator: The Aroon indicator is a technical indicator used to identify trend changes in the price of an asset, as well as the strength of that trend. In essence, the indicator measures the time between highs and the time between lows over a specific time period. The underlying idea is that strong uptrends will regularly see new highs, and strong downtrends will regularly see new lows. The indicator signals when these events are happening and when they are not. The Aroon indicator was developed by Tushar Chande in 1995. It consists of two main lines: Aroon Up: This line measures the strength of the uptrend. It is calculated based on the number of periods since the highest high within the look-back period. Aroon Down: This line measures the strength of the downtrend. It is calculated based on the number of periods since the lowest low within the look-back period. Formulas of the Aroon Indicator (typically for a 25-period setting): Aroon Up = ((25 - Period Since 25-period High) / 25) × 100 Aroon Down = ((25 - Period Since 25-period Low) / 25) × 100 Interpretation: When Aroon Up is above Aroon Down, it suggests an uptrend. When Aroon Down is above Aroon Up, it suggests a downtrend. When both lines are low (e.g., below 30), it indicates a consolidation period. When one line crosses above the other, it can signal a potential trend change.