Compact mode
Ichimoku Cloud vs Average True Range (ATR) vs Keltner Channels
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Ichimoku CloudAverage True Range (ATR)Keltner ChannelsAsset 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 indicatorIchimoku Cloud- All-In-One IndicatorIchimoku Cloud is known for All-In-One Indicator.
Average True Range (ATR)- Volatility Without DirectionAverage True Range (ATR) is known for Volatility Without Direction.
Keltner Channels- Combining Moving Averages With VolatilityKeltner Channels is known for Combining Moving Averages With Volatility.
Made In 🌍
The country or origin of the trading indicatorIchimoku CloudAverage True Range (ATR)Keltner Channels
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Ichimoku CloudAverage True Range (ATR)Keltner ChannelsComplexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorIchimoku CloudAverage True Range (ATR)Keltner ChannelsPopularity 🏆
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 indicatorIchimoku Cloud- Created by Japanese journalist Goichi Hosoda
Average True Range (ATR)- Part of Welles Wilder's indicators
Keltner Channels- Named after Chester Keltner
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorIchimoku Cloud- It's like a weather forecast for your trades - often wrong but never in doubt
Average True Range (ATR)- It's the drama meter of the market - higher values mean more excitement
Keltner Channels- It's like a bodyguard for price trends keeping them in check
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.For all*Signal Generation 📊
Describes the methods by which the indicator produces trading signalsIchimoku Cloud- CrossoversIchimoku Cloud generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes Click to see all.
- BreakoutsIchimoku Cloud generates trading signals through Breakouts. Indicators that identify when price breaks key levels, signaling potential trends Click to see all.
Average True Range (ATR)Keltner ChannelsCustomization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Keltner Channels
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorIchimoku CloudAverage True Range (ATR)Keltner ChannelsPurpose 📈
The primary purpose or application of the trading indicatorIchimoku Cloud- Multiple Aspects Of MarketIchimoku Cloud is primarily used for Multiple Aspects Of Market.
Average True Range (ATR)Keltner Channels
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorIchimoku Cloud- Provides Multiple Signals
- Forward-LookingIndicators designed to anticipate future market movements Click to see all.
Average True Range (ATR)- Useful For Position Sizing
- Helps Set Stop-Losses
Keltner ChannelsCons 👎
Disadvantages or limitations of the trading indicatorIchimoku Cloud- Complex To Interpret
- Clutters Charts
Average True Range (ATR)Keltner Channels
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorIchimoku CloudAverage True Range (ATR)Keltner ChannelsEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isIchimoku CloudAverage True Range (ATR)Keltner ChannelsVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesIchimoku CloudAverage True Range (ATR)Keltner ChannelsCustomization Score 🔧
A score representing the degree of customization available for the trading indicatorIchimoku Cloud- 7.5The customization score for Ichimoku Cloud is 7.5 out of 10.
Average True Range (ATR)- 6.5The customization score for Average True Range (ATR) is 6.5 out of 10.
Keltner Channels- 8The customization score for Keltner Channels is 8 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsIchimoku CloudAverage True Range (ATR)Keltner Channels
Alternatives to Ichimoku Cloud
Elder Triple Screen
Known for Trend-Momentum Alignment💯 is more reliable than Ichimoku Cloud
🔧 is more customizable than Ichimoku Cloud
⭐ is rated higher overall than Ichimoku Cloud
Moving Average Envelope
Known for Price Range Visualization💻 is easier to use than Ichimoku Cloud
⭐ is rated higher overall than Ichimoku Cloud
Linear Regression Indicator
Known for Predicting Price Trends💻 is easier to use than Ichimoku Cloud
Chaikin Oscillator
Known for Accumulation/Distribution Trends💻 is easier to use than Ichimoku Cloud
Aroon Indicator
Known for Measuring Time Between Highs And Lows💻 is easier to use than Ichimoku Cloud
Triple Exponential Average (TRIX)
Known for Filtering Out Market Noise💻 is easier to use than Ichimoku Cloud
Awesome Oscillator (AO)
Known for Simplicity And Effectiveness💻 is easier to use than Ichimoku Cloud