Average Directional Index</strong></a>. Moreover, Tushar Chande invented the indicator in 1995. To be more specific, it is used to determine price trend changes in an asset as well as how the trend will perform. It also records the time it takes to rise and the time it takes to fall.</p>\n<p>Aroon indicators serve a variety of functions, including identifying consolidations, defining corrective periods, detecting emerging trends, and forecasting price reversals.</p>\n<p>Aroon Indicator can provide good entry or exit points at times, but it can also provide incorrect or misleading information. After a big price change has occurred, the buy or sell signal might arrive too late. This happens because the indicator is not predictive and relies on past data.&nbsp;</p>\n<p>As a consequence, rather than relying simply on the Aroon signal, traders should investigate additional technical indicators that corroborate price and volume action in order to trade more efficiently.&nbsp;</p>\n<p>The way to <strong>calculate</strong> Aroon indicator values:</p>\n<ul>\n<li>AroonUp = 100 * ((X &ndash; Number of periods since highest high)/X);</li>\n<li>AroonDown = 100 * ((X &ndash; Number of periods since lowest low)/X);</li>\n</ul>\n<p>It is important to note that the Aroon indication requires selecting a certain time that is denoted with an \"X.\" A 25-day Aroon-Up indication also counts the number of days since a 25-day high. While a 25-day Aroon-Down indicator counts the number of days since a 25-day low. (These indicators track the frequency of time periods in which a price reached an x-day high or low.)</p>\n<p>Aroon indicators are occupied with the relation between price and time, as opposed to other momentum oscillators.&nbsp;</p>\n<p>Furthermore, the Aroon indicator is made up of two parallel lines. An upward line that counts the number of periods since a <strong>high,</strong> and a downward line that counts the number of periods since a low. When a strong trend arrives it is indicated by higher Aroon values. Nonetheless, a weaker trend is indicated by lower Aroon values.</p>\n<p>The values can go anywhere between 0 and 100. A value greater than 50 indicates that a low/high happened within the preceding 12 periods. A number less than 50 implies that it happened inside the 13-period time span.</p>\n<p>Aroon can be useful for traders or market researchers because it can grant trading signals such as overlaps between the two Aroon indicators. These are commonly seen as a trend shift or a maker reversal indications.</p>","level":"medium","meta_title":"What is Aroon Indicator? Definition & Meaning | Crypto Wiki","meta_description":"Aroon Indicator meaning: Aroon Indicator - is used to determine price trend changes in an asset as well as how the trend will perform. It also records the time it takes to rise and the time it takes to fall.","meta_keywords":null,"language":"en","created_at":"2022-02-10T14:31:40.000000Z","updated_at":"2022-05-13T14:32:22.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-aroon-indicator"},"prevSection":{"id":34,"original_id":null,"author_id":41,"translator_id":null,"title":"What is Altcoin Trader?","slug":"what-is-altcoin-trader","section":"A","keyword":"Altcoin Trader","status":"published","definition":"a person who trades cryptocurrencies other than Bitcoin.","content":"<p>An <strong>altcoin trader</strong> is a person who buys and sells <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-altcoin/">alternative cryptocurrencies</strong></a>. These are all cryptocurrencies that are not <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">Bitcoin (BTC)</strong></a>, the first cryptocurrency in the world. As of April 2022, there are over 18,000 registered alternative cryptocurrencies.</p>\n<p>Altcoin is short for \"alternative coin\". Like Bitcoin, altcoins are <strong>blockchain-based</strong>. However, they may differ in their protocol or may use other <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-consensus-mechanism/">consensus mechanisms</strong></a>&mdash;like <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-proof-of-stake-pos/">Proof-of-Stake instead of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-proof-of-work-pow/">Proof-of-Work&mdash;for transaction verification.</p>\n<p>Altcoins are often developed with the aim to improve on some of Bitcoin&rsquo;s flaws. They may offer faster and cheaper transactions, resources that are not as energy-intensive, higher levels of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-decentralization/">decentralization, etc. Altcoins compete with Bitcoin in the market to overtake its leading position in market capitalization.</p>\n<p>The biggest altcoin in the market as of April 2022 is <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-ethereum-eth/">Ethereum (ETH)</strong></a>. Other alternative cryptocurrencies are <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-ripple-xrp/">Ripple (XRP)</strong></a>, <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-cardano-ada/">Cardano (ADA)</strong></a>, and <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-binance-coin-bnb/">Binance Coin (BNB)</strong></a>. <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-stablecoin/">Stablecoins, cryptocurrencies that have their value pegged to fiat currency or an asset like gold, are also considered altcoins. One of the biggest stablecoins in the world is <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-tether-usdt/">Tether (USDT)</strong></a>.</p>\n<p>Altcoin traders tend to buy and sell large amounts of altcoins on a day-to-day basis. The goal of altcoin trading is short-term profiting. Altcoin traders follow real-time updates and have strategies to determine the optimal time to earn the highest profits. This can be a high-risk, high-reward strategy, as it may lead to big losses.</p>\n<p>Altcoin traders aim to capitalize on the price fluidity and volatility of altcoins. Unlike long-term cryptocurrency holders known as <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-hodl/">HODLers,&nbsp;they do not intend to keep the altcoin assets for an extended period of time.</p>","level":"easy","meta_title":"What is Altcoin Trader? Definition & Meaning | Crypto Wiki","meta_description":"Altcoin Trader meaning: Altcoin Trader - a person who trades cryptocurrencies other than Bitcoin.","meta_keywords":null,"language":"en","created_at":"2022-02-10T14:28:38.000000Z","updated_at":"2022-05-13T14:32:22.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-altcoin-trader"},"currentChapter":"A","currentSection":"what-is-api","chapterTitle":"A","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-api","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">
Handbook Cover Page
Crypto Terms: Letter A

What is API?

API MEANING:
API - a form of software interface that assists other programs.
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Let's find out API meaning, definition in crypto, what is API, and all other detailed facts.

API, or Application Programming Interface, is a form of software interface that assists other programs. When software components communicate with one another, APIs specify what data needs to be utilized and what actions need to be taken. It can be viewed as the main relation between computers and computer programs.

To put it another way, it is the sequence of processes, protocols, and tools used to construct software applications.

APIs can be used to conceal the technical details of how a system works, revealing just the portions that are useful to the developer. Also, keeping them constant even if the internal details change later.
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