Compact mode
Average True Range (ATR) vs Relative Vigor Index (RVI) 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.Average True Range (ATR)Relative Vigor Index (RVI)Trend MagicAsset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedFor 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.
Relative Vigor Index (RVI)Trend MagicKnown 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.
Relative Vigor Index (RVI)- Trend ConfirmationRelative Vigor Index (RVI) is known for Trend Confirmation.
Trend Magic- Simplifying Trend AnalysisTrend Magic is known for Simplifying Trend Analysis.
Made In 🌍
The country or origin of the trading indicatorAverage True Range (ATR)Relative Vigor Index (RVI)Trend Magic
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Average True Range (ATR)Relative Vigor Index (RVI)Trend MagicComplexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorAverage True Range (ATR)Relative Vigor Index (RVI)Trend MagicPopularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityAverage True Range (ATR)Relative Vigor Index (RVI)Trend Magic
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorAverage True Range (ATR)- Part of Welles Wilder's indicators
Relative Vigor Index (RVI)- Developed by John Ehlers
Trend Magic- Created by an anonymous trader and gained popularity in online forums
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
Relative Vigor Index (RVI)- It's like measuring the market's caffeine intake
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.Average True Range (ATR)Relative Vigor Index (RVI)Trend MagicSignal Generation 📊
Describes the methods by which the indicator produces trading signalsAverage True Range (ATR)Relative Vigor Index (RVI)- CrossoversRelative Vigor Index (RVI) generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes Click to see all.
- DivergencesRelative Vigor Index (RVI) generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals Click to see all.
Trend MagicCustomization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Relative Vigor Index (RVI)Trend Magic
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorAverage True Range (ATR)Relative Vigor Index (RVI)Trend MagicPurpose 📈
The primary purpose or application of the trading indicatorAverage True Range (ATR)Relative Vigor Index (RVI)Trend Magic
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorAverage True Range (ATR)- Useful For Position Sizing
- Helps Set Stop-Losses
Relative Vigor Index (RVI)- Compares Closing Prices To Trading Ranges
- Less Known And UniqueOffers alternative perspectives on market dynamics, potentially providing an edge Click to see all.
Trend MagicCons 👎
Disadvantages or limitations of the trading indicatorAverage True Range (ATR)Relative Vigor Index (RVI)- Can Be Unreliable In Ranging MarketsIndicators that excel in sideways or consolidating markets, providing accurate signals Click to see all.
- Requires ConfirmationRefers to indicators that need additional validation before acting on their signals. Click to see all.
Trend Magic
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorAverage True Range (ATR)Relative Vigor Index (RVI)Trend MagicEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isAverage True Range (ATR)Relative Vigor Index (RVI)Trend MagicVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesAverage True Range (ATR)Relative Vigor Index (RVI)Trend MagicCustomization 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.
Relative Vigor Index (RVI)- 7The customization score for Relative Vigor Index (RVI) is 7 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 metricsAverage True Range (ATR)Relative Vigor Index (RVI)Trend Magic
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)