Compact mode
Average True Range (ATR) vs Schaff Trend Cycle vs Mass Index
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 True Range (ATR)Schaff Trend CycleMass IndexAsset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedFor all*- StocksIndicators optimized for analyzing and predicting stock price movements in equity markets.
- ForexIndicators optimized for currency pair trading in the foreign exchange market.
Average True Range (ATR)Known for 💭
The unique selling point or distinguishing feature of the trading indicatorAverage True Range (ATR)- Volatility Without DirectionAverage True Range (ATR) is known for Volatility Without Direction.
Schaff Trend Cycle- Combining Trend And Cycle AnalysisSchaff Trend Cycle is known for Combining Trend And Cycle Analysis.
Mass Index- Volatility-Based Reversal PredictionMass Index is known for Volatility-Based Reversal Prediction.
Made In 🌍
The country or origin of the trading indicatorAverage True Range (ATR)Schaff Trend CycleMass Index
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Average True Range (ATR)Schaff Trend CycleMass IndexComplexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorAverage True Range (ATR)Schaff Trend CycleMass IndexPopularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityAverage True Range (ATR)Schaff Trend CycleMass Index
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorAverage True Range (ATR)- Part of Welles Wilder's indicators
Schaff Trend Cycle- Developed by Doug Schaff a lesser-known but innovative technical analyst
Mass Index- Created by Donald Dorsey
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorAverage True Range (ATR)- It's the drama meter of the market - higher values mean more excitement
Schaff Trend Cycle- So cyclical it might make you dizzy
Mass Index- It's like predicting market earthquakes
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.For all*Average True Range (ATR)Schaff Trend Cycle
Technical Details Comparison
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Average True Range (ATR)Schaff Trend Cycle- Moving AveragesSchaff Trend Cycle uses the Moving Averages calculation method. Indicators combining different moving averages for comprehensive trend analysis. Click to see all.
- MACDSchaff Trend Cycle uses the MACD calculation method. Indicators utilizing Moving Average Convergence Divergence for trend and momentum analysis. Click to see all.
Mass IndexSignal Generation 📊
Describes the methods by which the indicator produces trading signalsFor all*Schaff Trend CycleCustomization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Schaff Trend CycleMass Index
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorAverage True Range (ATR)Schaff Trend Cycle- Technical AnalystsSchaff Trend Cycle is designed for Technical Analysts. Provides comprehensive technical analysis tools, crucial for chart pattern recognition Click to see all.
- Trend TradersSchaff Trend Cycle is designed for Trend Traders. Highlights direction and strength of market trends, crucial for trend-based strategies Click to see all.
Mass IndexPurpose 📈
The primary purpose or application of the trading indicatorAverage True Range (ATR)Schaff Trend Cycle- Trend IdentificationSchaff Trend Cycle is primarily used for Trend Identification. Tools that help traders recognize and confirm established market trends Click to see all.
- Overbought/Oversold ConditionsSchaff Trend Cycle is primarily used for Overbought/Oversold Conditions. Indicators that identify extreme market conditions Click to see all.
Mass Index
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorAverage True Range (ATR)- Useful For Position Sizing
- Helps Set Stop-Losses
Schaff Trend Cycle- Smooth Cycling IndicatorIndicators that provide smooth, cyclical signals for easier trend identification Click to see all.
- Helps Identify Trend Changes EarlySignals potential trend shifts early, giving traders a head start on market moves Click to see all.
Mass Index- Identifies Potential Reversals
- Unique Approach To Volatility
Cons 👎
Disadvantages or limitations of the trading indicatorAverage True Range (ATR)Schaff Trend Cycle- Can Produce False Signals In Ranging Markets
- Complex CalculationIndicators with straightforward calculations and easy-to-understand outputs for efficient analysis Click to see all.
Mass Index
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorAverage True Range (ATR)Schaff Trend CycleMass IndexEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isAverage True Range (ATR)Schaff Trend CycleMass IndexVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesFor all*Customization Score 🔧
A score representing the degree of customization available for the trading indicatorAverage True Range (ATR)- 6.5The customization score for Average True Range (ATR) is 6.5 out of 10.
Schaff Trend Cycle- 7The customization score for Schaff Trend Cycle is 7 out of 10.
Mass Index- 6.5The customization score for Mass Index is 6.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsAverage True Range (ATR)Schaff Trend CycleMass Index
Alternatives to Average True Range (ATR)
Exponential Moving Average (EMA)
Known for Smooth Price Movements💻 is easier to use than Average True Range (ATR)
🔧 is more customizable than Average True Range (ATR)
⭐ is rated higher overall than Average True Range (ATR)
Donchian Channels
Known for Simplicity And Effectiveness🔧 is more customizable than Average True Range (ATR)
⭐ is rated higher overall than Average True Range (ATR)
Moving Average Envelope
Known for Price Range Visualization💻 is easier to use than Average True Range (ATR)
🔧 is more customizable than Average True Range (ATR)
⭐ is rated higher overall than Average True Range (ATR)
Keltner Channels
Known for Combining Moving Averages With Volatility🔧 is more customizable than Average True Range (ATR)
Elder Triple Screen
Known for Trend-Momentum Alignment🔀 is more versatile than Average True Range (ATR)
🔧 is more customizable than Average True Range (ATR)
⭐ is rated higher overall than Average True Range (ATR)
Relative Strength Index (RSI)
Known for Momentum Measurement💻 is easier to use than Average True Range (ATR)
⭐ is rated higher overall than Average True Range (ATR)
Bollinger Bands
Known for Volatility And Trend Strength🔀 is more versatile than Average True Range (ATR)
🔧 is more customizable than Average True Range (ATR)
⭐ is rated higher overall than Average True Range (ATR)
Simple Moving Average (SMA)
Known for Smooth Price Movements💻 is easier to use than Average True Range (ATR)
⭐ is rated higher overall than Average True Range (ATR)