Compact mode
Moving Average Convergence Divergence (MACD) vs Awesome Oscillator (AO) vs Aroon Indicator
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 Convergence Divergence (MACD)Awesome Oscillator (AO)Aroon IndicatorAsset 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.
Moving Average Convergence Divergence (MACD)Awesome Oscillator (AO)Known for 💭
The unique selling point or distinguishing feature of the trading indicatorMoving Average Convergence Divergence (MACD)- Trend Strength And DirectionMoving Average Convergence Divergence (MACD) is known for Trend Strength And Direction.
Awesome Oscillator (AO)- Simplicity And EffectivenessAwesome Oscillator (AO) is known for Simplicity And Effectiveness.
Aroon Indicator- Measuring Time Between Highs And LowsAroon Indicator is known for Measuring Time Between Highs And Lows.
Made In 🌍
The country or origin of the trading indicatorMoving Average Convergence Divergence (MACD)Awesome Oscillator (AO)Aroon Indicator
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Moving Average Convergence Divergence (MACD)Awesome Oscillator (AO)Aroon IndicatorComplexity 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 Convergence Divergence (MACD)Awesome Oscillator (AO)Aroon Indicator
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorMoving Average Convergence Divergence (MACD)- Developed by Gerald Appel
Awesome Oscillator (AO)- Created by Bill Williams
Aroon Indicator- Name means "Dawn's Early Light" in Sanskrit
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorMoving Average Convergence Divergence (MACD)- Even your grandma knows this one but still can't use it properly
Awesome Oscillator (AO)- It's like a mood ring for the market's emotional state
Aroon Indicator- It's like a sunrise alarm clock for new trends
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.Moving Average Convergence Divergence (MACD)Awesome Oscillator (AO)Aroon IndicatorSignal Generation 📊
Describes the methods by which the indicator produces trading signalsFor all*Moving Average Convergence Divergence (MACD)Awesome Oscillator (AO)Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Moving Average Convergence Divergence (MACD)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorMoving Average Convergence Divergence (MACD)Awesome Oscillator (AO)Aroon IndicatorPurpose 📈
The primary purpose or application of the trading indicatorMoving Average Convergence Divergence (MACD)Awesome Oscillator (AO)Aroon Indicator- Trend Strength And Direction AnalysisAroon Indicator is primarily used for Trend Strength And Direction Analysis.
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorMoving Average Convergence Divergence (MACD)- Effective For Trend Identification
- Useful In Ranging Markets
Awesome Oscillator (AO)- Easy To Interpret
- Helps Identify Momentum ShiftsUseful for spotting changes in market momentum, helping traders time entries and exits Click to see all.
Aroon IndicatorCons 👎
Disadvantages or limitations of the trading indicatorMoving Average Convergence Divergence (MACD)- Can Produce False Signals In Choppy MarketsIndicators that minimize false signals in erratic or indecisive market conditions Click to see all.
- Lagging IndicatorIndicators that follow price action, potentially delaying trading signals in fast-moving markets. Click to see all.
Awesome Oscillator (AO)- Can Be Late In Signaling Trend ChangesIndicators designed to identify potential trend changes as early as possible. Click to see all.
- Requires Confirmation From Price ActionDescribes indicators that need validation from actual price movements before signals are considered reliable. Click to see all.
Aroon Indicator- Can Produce False Signals In Choppy MarketsIndicators that minimize false signals in erratic or indecisive market conditions Click to see all.
- Requires Confirmation From Other IndicatorsIndicates that some indicators need validation from other technical tools for reliable signals. Click to see all.
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorMoving Average Convergence Divergence (MACD)Awesome Oscillator (AO)Aroon IndicatorEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isMoving Average Convergence Divergence (MACD)Awesome Oscillator (AO)Aroon IndicatorVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesMoving Average Convergence Divergence (MACD)Awesome Oscillator (AO)Aroon IndicatorCustomization Score 🔧
A score representing the degree of customization available for the trading indicatorMoving Average Convergence Divergence (MACD)- 7The customization score for Moving Average Convergence Divergence (MACD) is 7 out of 10.
Awesome Oscillator (AO)- 6.5The customization score for Awesome Oscillator (AO) is 6.5 out of 10.
Aroon Indicator- 7The customization score for Aroon Indicator is 7 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsMoving Average Convergence Divergence (MACD)Awesome Oscillator (AO)Aroon Indicator
Alternatives to Moving Average Convergence Divergence (MACD)
Triple Exponential Average (TRIX)
Known for Filtering Out Market Noise🔀 is more versatile than Awesome Oscillator (AO)
🔧 is more customizable than Awesome Oscillator (AO)
Chaikin Oscillator
Known for Accumulation/Distribution Trends💯 is more reliable than Awesome Oscillator (AO)
🔧 is more customizable than Awesome Oscillator (AO)
Elder-Ray Index
Known for Combining Trend And Momentum🔀 is more versatile than Awesome Oscillator (AO)
🔧 is more customizable than Awesome Oscillator (AO)
Percentage Price Oscillator (PPO)
Known for Relative Strength Measurement🔀 is more versatile than Awesome Oscillator (AO)
🔧 is more customizable than Awesome Oscillator (AO)
⭐ is rated higher overall than Awesome Oscillator (AO)
Elder Triple Screen
Known for Trend-Momentum Alignment💯 is more reliable than Awesome Oscillator (AO)
🔀 is more versatile than Awesome Oscillator (AO)
🔧 is more customizable than Awesome Oscillator (AO)
⭐ is rated higher overall than Awesome Oscillator (AO)
Momentum Indicator
Known for Price Velocity💻 is easier to use than Awesome Oscillator (AO)
🔀 is more versatile than Awesome Oscillator (AO)
Donchian Channels
Known for Simplicity And Effectiveness💯 is more reliable than Awesome Oscillator (AO)
🔧 is more customizable than Awesome Oscillator (AO)
⭐ is rated higher overall than Awesome Oscillator (AO)