Compact mode
Average Directional Index (ADX) vs Money Flow Index (MFI) vs On-Balance Volume (OBV)
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)Money Flow Index (MFI)On-Balance Volume (OBV)Asset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedFor all*Average Directional Index (ADX)- ForexThe asset classes Average Directional Index (ADX) is typically used for are Forex. Indicators optimized for currency pair trading in the foreign exchange market. 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.
Money Flow Index (MFI)On-Balance Volume (OBV)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.
Money Flow Index (MFI)- Volume And Price MovementsMoney Flow Index (MFI) is known for Volume And Price Movements.
On-Balance Volume (OBV)- Volume Precedes Price MovementOn-Balance Volume (OBV) is known for Volume Precedes Price Movement.
Made In 🌍
The country or origin of the trading indicatorAverage Directional Index (ADX)Money Flow Index (MFI)On-Balance Volume (OBV)
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Average Directional Index (ADX)Money Flow Index (MFI)On-Balance Volume (OBV)Complexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorAverage Directional Index (ADX)Money Flow Index (MFI)On-Balance Volume (OBV)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
Money Flow Index (MFI)- Often called the volume-weighted RSI
On-Balance Volume (OBV)- Developed by Joe Granville
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
Money Flow Index (MFI)- It's like a financial breathalyzer - measures how intoxicated buyers are
On-Balance Volume (OBV)- It's the gossip column of indicators - always trying to predict the next big move
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.For all*Average Directional Index (ADX)Money Flow Index (MFI)
Technical Details Comparison
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Average Directional Index (ADX)Money Flow Index (MFI)On-Balance Volume (OBV)Signal Generation 📊
Describes the methods by which the indicator produces trading signalsAverage Directional Index (ADX)Money Flow Index (MFI)- ThresholdsMoney Flow Index (MFI) generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met Click to see all.
- DivergencesMoney Flow Index (MFI) generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals Click to see all.
On-Balance Volume (OBV)Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Money Flow Index (MFI)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorAverage Directional Index (ADX)Money Flow Index (MFI)On-Balance Volume (OBV)Purpose 📈
The primary purpose or application of the trading indicatorAverage Directional Index (ADX)Money Flow Index (MFI)- Volume-Weighted RSIMoney Flow Index (MFI) is primarily used for Volume-Weighted RSI.
On-Balance Volume (OBV)
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.
Money Flow Index (MFI)- Incorporates VolumeUses trading volume data to provide deeper market insights Click to see all.
- Useful For Divergence Trading
On-Balance Volume (OBV)- Simple To Calculate
- Confirms Price Trends
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.
Money Flow Index (MFI)- Can Be Less Effective In Low Volume Environments
On-Balance Volume (OBV)- Can Be Affected By Large Block Trades
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorAverage Directional Index (ADX)Money Flow Index (MFI)On-Balance Volume (OBV)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isAverage Directional Index (ADX)Money Flow Index (MFI)On-Balance Volume (OBV)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesAverage Directional Index (ADX)Money Flow Index (MFI)On-Balance Volume (OBV)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.
Money Flow Index (MFI)- 7The customization score for Money Flow Index (MFI) is 7 out of 10.
On-Balance Volume (OBV)- 5.5The customization score for On-Balance Volume (OBV) is 5.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsAverage Directional Index (ADX)Money Flow Index (MFI)On-Balance Volume (OBV)
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)
Moving Average Envelope
Known for Price Range Visualization💻 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)
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)
Chande Momentum Oscillator (CMO)
Known for Momentum Measurement🔧 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)