Compact mode
Average True Range (ATR) vs Elder Force Index vs Mass Index
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)Elder Force IndexMass IndexAsset 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.
Average True Range (ATR)Known 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.
Elder Force Index- Combining Price And VolumeElder Force Index is known for Combining Price And Volume.
Mass Index- Volatility-Based Reversal PredictionMass Index is known for Volatility-Based Reversal Prediction.
Made In 🌍
The country or origin of the trading indicatorAverage True Range (ATR)Elder Force IndexMass Index
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Average True Range (ATR)Elder Force IndexMass IndexComplexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorAverage True Range (ATR)Elder Force IndexMass IndexPopularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityAverage True Range (ATR)Elder Force IndexMass Index
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorAverage True Range (ATR)- Part of Welles Wilder's indicators
Elder Force Index- Created by Dr. Alexander Elder in 1989
Mass Index- Created by Donald Dorsey
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
Elder Force Index- It's like a lie detector for market trends
Mass Index- It's like predicting market earthquakes
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.For all*Average True Range (ATR)
Technical Details Comparison
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Average True Range (ATR)Elder Force IndexMass IndexSignal Generation 📊
Describes the methods by which the indicator produces trading signalsFor all*Elder Force IndexCustomization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Elder Force IndexMass Index
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorAverage True Range (ATR)Elder Force Index- Day TradersElder Force Index is designed for Day Traders. Tools optimized for short-term intraday trading decisions Click to see all.
- Swing TradersElder Force Index is designed for Swing Traders. Identifies medium-term trends and potential reversal points, ideal for multi-day positions Click to see all.
Mass IndexPurpose 📈
The primary purpose or application of the trading indicatorAverage True Range (ATR)Elder Force Index- Confirming TrendsElder Force Index is primarily used for Confirming Trends. Indicators for validating trend direction Click to see all.
- Identifying ReversalsElder Force Index is primarily used for Identifying Reversals. Indicators for potential trend changes Click to see all.
Mass Index
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorAverage True Range (ATR)- Useful For Position Sizing
- Helps Set Stop-Losses
Elder Force Index- Incorporates Both Price And VolumeCombines price and volume analysis for more comprehensive market insights Click to see all.
- Good For Spotting Reversals
Mass Index- Identifies Potential Reversals
- Unique Approach To Volatility
Cons 👎
Disadvantages or limitations of the trading indicatorAverage True Range (ATR)Elder Force Index- Less Popular
- Requires Additional Confirmation
Mass Index
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorAverage True Range (ATR)Elder Force IndexMass IndexEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isAverage True Range (ATR)Elder Force IndexMass IndexVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesFor all*Customization 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.
Elder Force Index- 7The customization score for Elder Force Index is 7 out of 10.
Mass Index- 6.5The customization score for Mass Index is 6.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsAverage True Range (ATR)Elder Force IndexMass Index
Alternatives to Average True Range (ATR)
Dynamic Momentum Index
Known for Adapting To Market Volatility💯 is more reliable than Elder Force Index
⭐ is rated higher overall than Elder Force Index
Elder-Ray Index
Known for Combining Trend And Momentum💯 is more reliable than Elder Force Index
🔀 is more versatile than Elder Force Index
🔧 is more customizable than Elder Force Index
⭐ is rated higher overall than Elder Force Index
Schaff Trend Cycle
Known for Combining Trend And Cycle Analysis💯 is more reliable than Elder Force Index
Market Facilitation Index (MFI)
Known for Relationship Between Price Movement And Volume💯 is more reliable than Elder Force Index
🔀 is more versatile than Elder Force Index
⭐ is rated higher overall than Elder Force Index
Detrended Price Oscillator (DPO)
Known for Eliminating Long-Term Trends🔧 is more customizable than Elder Force Index
Choppiness Index
Known for Identifying Trending Vs Choppy Markets💯 is more reliable than Elder Force Index
💻 is easier to use than Elder Force Index
🔀 is more versatile than Elder Force Index
⭐ is rated higher overall than Elder Force Index
Relative Vigor Index (RVI)
Known for Trend Confirmation💻 is easier to use than Elder Force Index
Klinger Oscillator
Known for Trend Reversals And Continuations💯 is more reliable than Elder Force Index
🔧 is more customizable than Elder Force Index
⭐ is rated higher overall than Elder Force Index