Compact mode
Detrended Price Oscillator (DPO) vs Trend Magic vs Ease Of Movement
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Detrended Price Oscillator (DPO)Trend MagicEase of MovementAsset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedDetrended Price Oscillator (DPO)- StocksThe asset classes Detrended Price Oscillator (DPO) 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 Detrended Price Oscillator (DPO) is typically used for are Commodities. Trading indicators optimized for commodity markets like oil, gold, and agricultural products. Click to see all.
Trend Magic- ForexThe asset classes Trend Magic is typically used for are Forex. Indicators optimized for currency pair trading in the foreign exchange market. Click to see all.
- CryptocurrenciesThe asset classes Trend Magic is typically used for are Cryptocurrencies. Indicators tailored for the volatile and 24/7 nature of cryptocurrency trading. Click to see all.
Ease of Movement- StocksThe asset classes Ease of Movement 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 Ease of Movement is typically used for are Commodities. Trading indicators optimized for commodity markets like oil, gold, and agricultural products. Click to see all.
Known for 💭
The unique selling point or distinguishing feature of the trading indicatorDetrended Price Oscillator (DPO)- Eliminating Long-Term TrendsDetrended Price Oscillator (DPO) is known for Eliminating Long-Term Trends.
Trend Magic- Simplifying Trend AnalysisTrend Magic is known for Simplifying Trend Analysis.
Ease of Movement- Relating Volume To Price ChangeEase of Movement is known for Relating Volume To Price Change.
Made In 🌍
The country or origin of the trading indicatorDetrended Price Oscillator (DPO)Trend MagicEase of Movement
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 indicatorDetrended Price Oscillator (DPO)Trend MagicEase of MovementPopularity 🏆
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 indicatorDetrended Price Oscillator (DPO)- Designed to eliminate trend from price
Trend Magic- Created by an anonymous trader and gained popularity in online forums
Ease of Movement- Developed by Richard W. Arms Jr. creator of the Arms Index
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorDetrended Price Oscillator (DPO)- It's like a time machine for price trends
Trend Magic- So magical it might turn your losses into rabbits
Ease of Movement- So easy to move it might slide off your chart
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.For all*Detrended Price Oscillator (DPO)Trend Magic
Technical Details Comparison
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Detrended Price Oscillator (DPO)Trend MagicEase of Movement- VolumeEase of Movement uses the Volume calculation method. Indicators using trading volume data to analyze market trends and momentum. Click to see all.
- PriceEase of Movement uses the Price calculation method. Indicators primarily using price data for market analysis and prediction. Click to see all.
Signal Generation 📊
Describes the methods by which the indicator produces trading signalsDetrended Price Oscillator (DPO)- CyclesDetrended Price Oscillator (DPO) generates trading signals through Cycles. Indicators that identify recurring patterns or cycles in market movements Click to see all.
- DivergencesDetrended Price Oscillator (DPO) generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals Click to see all.
Trend MagicEase of Movement- CrossoversEase of Movement generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes Click to see all.
- DivergencesEase of Movement generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals Click to see all.
Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Detrended Price Oscillator (DPO)Trend MagicEase of Movement
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorDetrended Price Oscillator (DPO)Trend Magic- Forex TradersTrend Magic is designed for Forex Traders. Specialized tools for analyzing currency pair movements and trends Click to see all.
- Cryptocurrency TradersTrend Magic is designed for Cryptocurrency Traders. Specialized tools for analyzing volatile digital asset markets Click to see all.
Ease of Movement- Technical AnalystsEase of Movement is designed for Technical Analysts. Provides comprehensive technical analysis tools, crucial for chart pattern recognition Click to see all.
- Volume TradersEase of Movement is designed for Volume Traders. Analyzes trading volume in relation to price movements, ideal for volume-based strategies Click to see all.
Purpose 📈
The primary purpose or application of the trading indicatorDetrended Price Oscillator (DPO)- Identifying Cycles And TrendsDetrended Price Oscillator (DPO) is primarily used for Identifying Cycles And Trends.
Trend Magic- Trend DirectionTrend Magic is primarily used for Trend Direction. Indicators that help determine the overall direction of price movement in a market Click to see all.
- Entry PointsTrend Magic is primarily used for Entry Points. Indicators for optimal trade entry timing Click to see all.
Ease of Movement- Volume AnalysisEase of Movement is primarily used for Volume Analysis. Tools that assess trading volume to provide insights into price movements Click to see all.
- Trend StrengthEase of Movement is primarily used for Trend Strength. Tools that assess the power and momentum behind a market trend Click to see all.
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorDetrended Price Oscillator (DPO)- Helps Identify Cycles
- Removes Long-Term Trend Bias
Trend Magic- Easy To Interpret Color SignalsIndicators using intuitive color schemes for quick signal interpretation Click to see all.
- Filters Out Minor Price MovementsIndicators that focus on significant price changes, ignoring minor fluctuations Click to see all.
Ease of Movement- Unique Volume-Price Relationship Analysis
- Helps Identify Potential Reversals
Cons 👎
Disadvantages or limitations of the trading indicatorDetrended Price Oscillator (DPO)- Complex Interpretation
- Limited Use In Strong Trends
Trend Magic- Can Be Late In Signaling Trend ChangesIndicators designed to identify potential trend changes as early as possible. Click to see all.
- Less Known And Tested Than Other IndicatorsIndicators with limited historical testing, potentially introducing uncertainty in their reliability. Click to see all.
Ease of Movement- Can Be Noisy In High-Volatility Periods
- Less Popular Than Other Volume Indicators
Performance Metrics Comparison
Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isDetrended Price Oscillator (DPO)Trend MagicEase of MovementVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesDetrended Price Oscillator (DPO)Trend MagicEase of MovementCustomization Score 🔧
A score representing the degree of customization available for the trading indicatorDetrended Price Oscillator (DPO)- 7.5The customization score for Detrended Price Oscillator (DPO) is 7.5 out of 10.
Trend Magic- 5.5The customization score for Trend Magic is 5.5 out of 10.
Ease of Movement- 6.5The customization score for Ease of Movement is 6.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsDetrended Price Oscillator (DPO)Trend MagicEase of Movement
Alternatives to Detrended Price Oscillator (DPO)
Elder-Ray Index
Known for Combining Trend And Momentum💯 is more reliable than Detrended Price Oscillator (DPO)
🔀 is more versatile than Detrended Price Oscillator (DPO)
⭐ is rated higher overall than Detrended Price Oscillator (DPO)
Know Sure Thing (KST)
Known for Trend Strength Measurement💯 is more reliable than Detrended Price Oscillator (DPO)
🔀 is more versatile than Detrended Price Oscillator (DPO)
⭐ is rated higher overall than Detrended Price Oscillator (DPO)
Chaikin Oscillator
Known for Accumulation/Distribution Trends💯 is more reliable than Detrended Price Oscillator (DPO)
💻 is easier to use than Detrended Price Oscillator (DPO)
⭐ is rated higher overall than Detrended Price Oscillator (DPO)
Elder Force Index
Known for Combining Price And Volume🔀 is more versatile than Detrended Price Oscillator (DPO)
Elder Triple Screen
Known for Trend-Momentum Alignment💯 is more reliable than Detrended Price Oscillator (DPO)
🔀 is more versatile than Detrended Price Oscillator (DPO)
🔧 is more customizable than Detrended Price Oscillator (DPO)
⭐ is rated higher overall than Detrended Price Oscillator (DPO)
Relative Vigor Index (RVI)
Known for Trend Confirmation💻 is easier to use than Detrended Price Oscillator (DPO)
Ichimoku Cloud
Known for All-In-One Indicator💯 is more reliable than Detrended Price Oscillator (DPO)
🔀 is more versatile than Detrended Price Oscillator (DPO)
⭐ is rated higher overall than Detrended Price Oscillator (DPO)
Aroon Up And Down
Known for Identifying Potential Trend Changes💯 is more reliable than Detrended Price Oscillator (DPO)
💻 is easier to use than Detrended Price Oscillator (DPO)
⭐ is rated higher overall than Detrended Price Oscillator (DPO)
Moving Average Envelope
Known for Price Range Visualization💯 is more reliable than Detrended Price Oscillator (DPO)
💻 is easier to use than Detrended Price Oscillator (DPO)
⭐ is rated higher overall than Detrended Price Oscillator (DPO)
Choppiness Index
Known for Identifying Trending Vs Choppy Markets💯 is more reliable than Detrended Price Oscillator (DPO)
💻 is easier to use than Detrended Price Oscillator (DPO)
🔀 is more versatile than Detrended Price Oscillator (DPO)
⭐ is rated higher overall than Detrended Price Oscillator (DPO)