Compact mode
Awesome Oscillator (AO) vs Aroon Indicator vs Volume Oscillator
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Awesome Oscillator (AO)Aroon IndicatorVolume OscillatorAsset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedFor all*Awesome Oscillator (AO)- ForexThe asset classes Awesome Oscillator (AO) is typically used for are Forex. Indicators optimized for currency pair trading in the foreign exchange market. Click to see all.
- CryptocurrenciesThe asset classes Awesome Oscillator (AO) is typically used for are Cryptocurrencies. Indicators tailored for the volatile and 24/7 nature of cryptocurrency trading. Click to see all.
Aroon IndicatorVolume Oscillator- CommoditiesThe asset classes Volume Oscillator is typically used for are Commodities. Trading indicators optimized for commodity markets like oil, gold, and agricultural products. Click to see all.
- FuturesThe asset classes Volume Oscillator is typically used for are Futures. Indicators designed for trading futures contracts across various asset classes. Click to see all.
Known for 💭
The unique selling point or distinguishing feature of the trading indicatorAwesome 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.
Volume Oscillator- Volume DivergenceVolume Oscillator is known for Volume Divergence.
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.For all*Complexity 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 communityFor all*
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorAwesome Oscillator (AO)- Created by Bill Williams
Aroon Indicator- Name means "Dawn's Early Light" in Sanskrit
Volume Oscillator- Combines elements of Moving Average Convergence Divergence (MACD) with volume
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorAwesome 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
Volume Oscillator- Often called the "heartbeat monitor" of the market
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.Awesome Oscillator (AO)Aroon IndicatorVolume OscillatorSignal Generation 📊
Describes the methods by which the indicator produces trading signalsFor all*Awesome Oscillator (AO)Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Volume Oscillator
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorAwesome Oscillator (AO)Aroon IndicatorVolume OscillatorPurpose 📈
The primary purpose or application of the trading indicatorAwesome Oscillator (AO)Aroon Indicator- Trend Strength And Direction AnalysisAroon Indicator is primarily used for Trend Strength And Direction Analysis.
Volume Oscillator- Volume Trend IdentificationVolume Oscillator is primarily used for Volume Trend Identification.
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorAwesome 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 Indicator- Helps Identify Beginning And End Of TrendsIndicators specializing in spotting the start and conclusion of market trends Click to see all.
- Shows Trend StrengthQuantifies the power behind price movements, aiding in trend confirmation Click to see all.
Volume Oscillator- Helps Confirm Price Movements With VolumeIndicators that validate price changes by analyzing trading volume Click to see all.
- Useful For Spotting Fake Breakouts
Cons 👎
Disadvantages or limitations of the trading indicatorAwesome 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.
Volume Oscillator- Can Be Less Effective In Low-Volume Markets
- Requires Understanding Of Volume AnalysisDescribes indicators that need knowledge of volume interpretation for effective use. Click to see all.
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorAwesome Oscillator (AO)Aroon IndicatorVolume OscillatorEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isAwesome Oscillator (AO)Aroon IndicatorVolume OscillatorVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesAwesome Oscillator (AO)Aroon IndicatorVolume OscillatorCustomization Score 🔧
A score representing the degree of customization available for the trading indicatorAwesome 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.
Volume Oscillator- 7The customization score for Volume Oscillator is 7 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsAwesome Oscillator (AO)Aroon IndicatorVolume Oscillator
Alternatives to Awesome Oscillator (AO)
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)
Moving Average Convergence Divergence (MACD)
Known for Trend Strength And Direction🔀 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)
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)