Compact mode
Hull Moving Average (HMA) vs Commodity Channel Index (CCI) vs Zigzag 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.Hull Moving Average (HMA)Commodity Channel Index (CCI)Zigzag IndicatorAsset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedFor all*- ForexIndicators optimized for currency pair trading in the foreign exchange market.
- CommoditiesTrading indicators optimized for commodity markets like oil, gold, and agricultural products.
Hull Moving Average (HMA)- StocksThe asset classes Hull Moving Average (HMA) is typically used for are Stocks. Indicators optimized for analyzing and predicting stock price movements in equity markets. Click to see all.
- CryptocurrenciesThe asset classes Hull Moving Average (HMA) is typically used for are Cryptocurrencies. Indicators tailored for the volatile and 24/7 nature of cryptocurrency trading. Click to see all.
Zigzag IndicatorKnown for 💭
The unique selling point or distinguishing feature of the trading indicatorHull Moving Average (HMA)- Reducing Lag In Moving AveragesHull Moving Average (HMA) is known for Reducing Lag In Moving Averages.
Commodity Channel Index (CCI)- Identifying Cyclical TrendsCommodity Channel Index (CCI) is known for Identifying Cyclical Trends.
Zigzag Indicator- Filtering Market NoiseZigzag Indicator is known for Filtering Market Noise.
Made In 🌍
The country or origin of the trading indicatorHull Moving Average (HMA)Commodity Channel Index (CCI)Zigzag Indicator
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Hull Moving Average (HMA)Commodity Channel Index (CCI)Zigzag 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 communityFor all*
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorHull Moving Average (HMA)- Developed by Alan Hull to address the lag in traditional moving averages
Commodity Channel Index (CCI)- Originally developed for commodities
Zigzag Indicator- Often used in conjunction with Fibonacci retracements
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorHull Moving Average (HMA)- Humorously called the 'moving average on steroids' by some traders
Commodity Channel Index (CCI)- It's like a mood ring for the market - changes color frequently
Zigzag Indicator- Sarcastically called the 'hindsight is 20/20' indicator
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.Hull Moving Average (HMA)Commodity Channel Index (CCI)- DailyCommodity Channel Index (CCI) is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders. Click to see all.
- WeeklyCommodity Channel Index (CCI) is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends. Click to see all.
Zigzag Indicator
Technical Details Comparison
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Hull Moving Average (HMA)Commodity Channel Index (CCI)Zigzag IndicatorSignal Generation 📊
Describes the methods by which the indicator produces trading signalsFor all*Hull Moving Average (HMA)Commodity Channel Index (CCI)Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorHull Moving Average (HMA)Commodity Channel Index (CCI)- PeriodCommodity Channel Index (CCI) offers customization options for Period. Enables customization of analysis timeframe Click to see all.
- ThresholdsCommodity Channel Index (CCI) offers customization options for Thresholds. Customizable thresholds for signal generation Click to see all.
Zigzag Indicator- Percentage ChangeZigzag Indicator offers customization options for Percentage Change. Allows customization of price movement percentage thresholds Click to see all.
- DepthZigzag Indicator offers customization options for Depth. Enables fine-tuning of indicator sensitivity to market movements Click to see all.
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorHull Moving Average (HMA)Commodity Channel Index (CCI)Zigzag IndicatorPurpose 📈
The primary purpose or application of the trading indicatorHull Moving Average (HMA)Commodity Channel Index (CCI)Zigzag Indicator
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorHull Moving Average (HMA)- Responds Quickly To Price Changes
- Reduces Lag SignificantlyProvides more timely signals, improving trade timing and potentially increasing profits Click to see all.
Commodity Channel Index (CCI)- Effective For Overbought/Oversold Conditions
- Useful For Multiple Asset Classes
Zigzag Indicator- Helps Identify Significant Price Movements
- Useful For Elliot Wave AnalysisIndicators that complement Elliot Wave theory for advanced technical analysis Click to see all.
Cons 👎
Disadvantages or limitations of the trading indicatorHull Moving Average (HMA)- Can Be Overly Sensitive In Volatile Markets
- Less Commonly Available In Trading PlatformsIndicators not widely available in trading platforms, potentially limiting their use for some traders. Click to see all.
Commodity Channel Index (CCI)- Can Produce False Signals In Non-Trending Markets
Zigzag Indicator
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorHull Moving Average (HMA)Commodity Channel Index (CCI)Zigzag IndicatorEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isHull Moving Average (HMA)Commodity Channel Index (CCI)Zigzag IndicatorVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesHull Moving Average (HMA)Commodity Channel Index (CCI)Zigzag IndicatorCustomization Score 🔧
A score representing the degree of customization available for the trading indicatorHull Moving Average (HMA)- 7The customization score for Hull Moving Average (HMA) is 7 out of 10.
Commodity Channel Index (CCI)- 7The customization score for Commodity Channel Index (CCI) is 7 out of 10.
Zigzag Indicator- 8The customization score for Zigzag Indicator is 8 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsHull Moving Average (HMA)Commodity Channel Index (CCI)Zigzag Indicator
Alternatives to Hull Moving Average (HMA)
Exponential Moving Average (EMA)
Known for Smooth Price Movements💻 is easier to use than Hull Moving Average (HMA)
⭐ is rated higher overall than Hull Moving Average (HMA)
Rate Of Change (ROC)
Known for Speed Of Price Changes💻 is easier to use than Hull Moving Average (HMA)
Directional Movement Index (DMI)
Known for Strength Of Price Movement🔧 is more customizable than Hull Moving Average (HMA)
Rainbow Moving Average
Known for Visual Representation Of Multiple Timeframes🔧 is more customizable than Hull Moving Average (HMA)
Elder Triple Screen
Known for Trend-Momentum Alignment🔀 is more versatile than Hull Moving Average (HMA)
🔧 is more customizable than Hull Moving Average (HMA)
⭐ is rated higher overall than Hull Moving Average (HMA)
Moving Average Envelope
Known for Price Range Visualization💻 is easier to use than Hull Moving Average (HMA)
🔧 is more customizable than Hull Moving Average (HMA)
Moving Average Convergence Divergence (MACD)
Known for Trend Strength And Direction💻 is easier to use than Hull Moving Average (HMA)
🔀 is more versatile than Hull Moving Average (HMA)