Compact mode
Average Directional Index (ADX) vs Commodity Channel Index (CCI) vs Triple Exponential Average (TRIX)
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Average Directional Index (ADX)Commodity Channel Index (CCI)Triple Exponential Average (TRIX)Asset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedFor all*Average Directional Index (ADX)- StocksThe asset classes Average Directional Index (ADX) is typically used for are Stocks. Indicators optimized for analyzing and predicting stock price movements in equity markets. Click to see all.
- CommoditiesThe asset classes Average Directional Index (ADX) is typically used for are Commodities. Trading indicators optimized for commodity markets like oil, gold, and agricultural products. Click to see all.
Commodity Channel Index (CCI)Triple Exponential Average (TRIX)Known for 💭
The unique selling point or distinguishing feature of the trading indicatorAverage Directional Index (ADX)- Trend Strength Without DirectionAverage Directional Index (ADX) is known for Trend Strength Without Direction.
Commodity Channel Index (CCI)- Identifying Cyclical TrendsCommodity Channel Index (CCI) is known for Identifying Cyclical Trends.
Triple Exponential Average (TRIX)- Filtering Out Market NoiseTriple Exponential Average (TRIX) is known for Filtering Out Market Noise.
Made In 🌍
The country or origin of the trading indicatorAverage Directional Index (ADX)Commodity Channel Index (CCI)Triple Exponential Average (TRIX)
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Average Directional Index (ADX)Commodity Channel Index (CCI)Triple Exponential Average (TRIX)Complexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorFor all*Popularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityFor all*
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorAverage Directional Index (ADX)- Part of the Directional Movement System
Commodity Channel Index (CCI)- Originally developed for commodities
Triple Exponential Average (TRIX)- Combines triple smoothing with momentum
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorAverage Directional Index (ADX)- It's like a gym membership - tells you how strong the trend is but not where it's going
Commodity Channel Index (CCI)- It's like a mood ring for the market - changes color frequently
Triple Exponential Average (TRIX)- It's like a smoothie blender for price data
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.For all*
Technical Details Comparison
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Average Directional Index (ADX)Commodity Channel Index (CCI)Triple Exponential Average (TRIX)Signal Generation 📊
Describes the methods by which the indicator produces trading signalsAverage Directional Index (ADX)Commodity Channel Index (CCI)- ThresholdsCommodity Channel Index (CCI) generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met Click to see all.
- BreakoutsCommodity Channel Index (CCI) generates trading signals through Breakouts. Indicators that identify when price breaks key levels, signaling potential trends Click to see all.
Triple Exponential Average (TRIX)- CrossoversTriple Exponential Average (TRIX) generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes Click to see all.
- DivergencesTriple Exponential Average (TRIX) generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals Click to see all.
Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Commodity Channel Index (CCI)Triple Exponential Average (TRIX)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorAverage Directional Index (ADX)Commodity Channel Index (CCI)Triple Exponential Average (TRIX)Purpose 📈
The primary purpose or application of the trading indicatorAverage Directional Index (ADX)Commodity Channel Index (CCI)Triple Exponential Average (TRIX)
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorAverage Directional Index (ADX)- Effective For Identifying Strong Trends
- Non-DirectionalProvides market insights without predicting price direction, useful for various strategies Click to see all.
Commodity Channel Index (CCI)- Effective For Overbought/Oversold Conditions
- Useful For Multiple Asset Classes
Triple Exponential Average (TRIX)Cons 👎
Disadvantages or limitations of the trading indicatorAverage Directional Index (ADX)- Doesn't Indicate Trend DirectionIndicators that don't reveal trend direction, potentially missing important market context. Click to see all.
- Lagging IndicatorIndicators that follow price action, potentially delaying trading signals in fast-moving markets. Click to see all.
Commodity Channel Index (CCI)- Can Produce False Signals In Non-Trending Markets
Triple Exponential Average (TRIX)
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorAverage Directional Index (ADX)Commodity Channel Index (CCI)Triple Exponential Average (TRIX)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isAverage Directional Index (ADX)Commodity Channel Index (CCI)Triple Exponential Average (TRIX)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesAverage Directional Index (ADX)Commodity Channel Index (CCI)Triple Exponential Average (TRIX)Customization Score 🔧
A score representing the degree of customization available for the trading indicatorAverage Directional Index (ADX)- 6.5The customization score for Average Directional Index (ADX) is 6.5 out of 10.
Commodity Channel Index (CCI)- 7The customization score for Commodity Channel Index (CCI) is 7 out of 10.
Triple Exponential Average (TRIX)- 7The customization score for Triple Exponential Average (TRIX) is 7 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsAverage Directional Index (ADX)Commodity Channel Index (CCI)Triple Exponential Average (TRIX)
Alternatives to Average Directional Index (ADX)
Average True Range (ATR)
Known for Volatility Without Direction💻 is easier to use than Average Directional Index (ADX)
⭐ is rated higher overall than Average Directional Index (ADX)
Directional Movement Index (DMI)
Known for Strength Of Price Movement🔀 is more versatile than Average Directional Index (ADX)
🔧 is more customizable than Average Directional Index (ADX)
⭐ is rated higher overall than Average Directional Index (ADX)
Elder Triple Screen
Known for Trend-Momentum Alignment🔀 is more versatile than Average Directional Index (ADX)
🔧 is more customizable than Average Directional Index (ADX)
⭐ is rated higher overall than Average Directional Index (ADX)
Guppy Multiple Moving Average
Known for Visualizing Short-Term And Long-Term Trends🔀 is more versatile than Average Directional Index (ADX)
🔧 is more customizable than Average Directional Index (ADX)
Elder Impulse System
Known for Combining Trend And Momentum💻 is easier to use than Average Directional Index (ADX)
Exponential Moving Average (EMA)
Known for Smooth Price Movements💻 is easier to use than Average Directional Index (ADX)
🔧 is more customizable than Average Directional Index (ADX)
⭐ is rated higher overall than Average Directional Index (ADX)
Money Flow Index (MFI)
Known for Volume And Price Movements🔧 is more customizable than Average Directional Index (ADX)
Keltner Channels
Known for Combining Moving Averages With Volatility💻 is easier to use than Average Directional Index (ADX)
🔧 is more customizable than Average Directional Index (ADX)
⭐ is rated higher overall than Average Directional Index (ADX)
Chande Momentum Oscillator (CMO)
Known for Momentum Measurement🔧 is more customizable than Average Directional Index (ADX)