Compact mode
Moving Average Envelope vs Average True Range (ATR) vs Trend Magic
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Moving Average EnvelopeAverage True Range (ATR)Trend MagicAsset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedFor all*Moving Average Envelope- StocksThe asset classes Moving Average Envelope 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 Moving Average Envelope is typically used for are Commodities. Trading indicators optimized for commodity markets like oil, gold, and agricultural products. Click to see all.
Average True Range (ATR)- StocksThe asset classes Average True Range (ATR) 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 True Range (ATR) is typically used for are Commodities. Trading indicators optimized for commodity markets like oil, gold, and agricultural products. Click to see all.
Trend MagicKnown for 💭
The unique selling point or distinguishing feature of the trading indicatorMoving Average Envelope- Price Range VisualizationMoving Average Envelope is known for Price Range Visualization.
Average True Range (ATR)- Volatility Without DirectionAverage True Range (ATR) is known for Volatility Without Direction.
Trend Magic- Simplifying Trend AnalysisTrend Magic is known for Simplifying Trend Analysis.
Made In 🌍
The country or origin of the trading indicatorMoving Average EnvelopeAverage True Range (ATR)Trend Magic
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Moving Average EnvelopeAverage True Range (ATR)Trend MagicComplexity 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 communityMoving Average EnvelopeAverage True Range (ATR)Trend Magic
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorMoving Average Envelope- Envelopes typically use 2% above and below the moving average
Average True Range (ATR)- Part of Welles Wilder's indicators
Trend Magic- Created by an anonymous trader and gained popularity in online forums
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorMoving Average Envelope- Often mistaken for Bollinger Bands by novice traders
Average True Range (ATR)- It's the drama meter of the market - higher values mean more excitement
Trend Magic- So magical it might turn your losses into rabbits
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.For all*Signal Generation 📊
Describes the methods by which the indicator produces trading signalsMoving Average EnvelopeAverage True Range (ATR)Trend MagicCustomization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Moving Average EnvelopeTrend Magic
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorMoving Average EnvelopeAverage True Range (ATR)Trend MagicPurpose 📈
The primary purpose or application of the trading indicatorMoving Average EnvelopeAverage True Range (ATR)Trend Magic
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorMoving Average Envelope- Simple To Understand And Implement
- Helps Identify Overbought/Oversold ConditionsSignals when an asset may be overvalued or undervalued, helping traders spot potential reversals Click to see all.
Average True Range (ATR)- Useful For Position Sizing
- Helps Set Stop-Losses
Trend MagicCons 👎
Disadvantages or limitations of the trading indicatorMoving Average Envelope- Can Be Late In Signaling Trend ReversalsIndicators that excel in early trend reversal detection, minimizing delays in signaling changes Click to see all.
- Effectiveness Varies In Different Market Conditions
Average True Range (ATR)Trend Magic
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorMoving Average EnvelopeAverage True Range (ATR)Trend MagicEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isMoving Average EnvelopeAverage True Range (ATR)Trend MagicVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesMoving Average EnvelopeAverage True Range (ATR)Trend MagicCustomization Score 🔧
A score representing the degree of customization available for the trading indicatorMoving Average Envelope- 7.5The customization score for Moving Average Envelope is 7.5 out of 10.
Average True Range (ATR)- 6.5The customization score for Average True Range (ATR) is 6.5 out of 10.
Trend Magic- 5.5The customization score for Trend Magic is 5.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsMoving Average EnvelopeAverage True Range (ATR)Trend Magic
Alternatives to Moving Average Envelope
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)
Donchian Channels
Known for Simplicity And Effectiveness🔧 is more customizable than Average True Range (ATR)
⭐ is rated higher overall 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)
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)
Keltner Channels
Known for Combining Moving Averages With Volatility🔧 is more customizable 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)
Choppiness Index
Known for Identifying Trending Vs Choppy Markets🔀 is more versatile than Average True Range (ATR)
🔧 is more customizable than Average True Range (ATR)