Compact mode
Directional Movement Index (DMI) vs Know Sure Thing (KST) vs McGinley Dynamic 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.Directional Movement Index (DMI)Know Sure Thing (KST)McGinley Dynamic IndicatorAsset 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.
- CommoditiesTrading indicators optimized for commodity markets like oil, gold, and agricultural products.
Directional Movement Index (DMI)Known for 💭
The unique selling point or distinguishing feature of the trading indicatorDirectional Movement Index (DMI)- Strength Of Price MovementDirectional Movement Index (DMI) is known for Strength Of Price Movement.
Know Sure Thing (KST)- Trend Strength MeasurementKnow Sure Thing (KST) is known for Trend Strength Measurement.
McGinley Dynamic Indicator- Improving On Traditional Moving AveragesMcGinley Dynamic Indicator is known for Improving On Traditional Moving Averages.
Made In 🌍
The country or origin of the trading indicatorDirectional Movement Index (DMI)Know Sure Thing (KST)McGinley Dynamic Indicator
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Directional Movement Index (DMI)Know Sure Thing (KST)McGinley Dynamic IndicatorComplexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorDirectional Movement Index (DMI)Know Sure Thing (KST)McGinley Dynamic IndicatorPopularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityDirectional Movement Index (DMI)Know Sure Thing (KST)McGinley Dynamic Indicator
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorDirectional Movement Index (DMI)- Developed by J. Welles Wilder Jr. who also created RSI
Know Sure Thing (KST)- Developed by Martin Pring
McGinley Dynamic Indicator- Developed by John R. McGinley to address the lag in traditional moving averages
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorDirectional Movement Index (DMI)- Sometimes called the 'trend trader's best friend' despite its complexity
Know Sure Thing (KST)- It's like a Swiss Army knife for trend analysis
McGinley Dynamic Indicator- So smooth it might make other indicators jealous
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.For all*Know Sure Thing (KST)McGinley Dynamic Indicator
Technical Details Comparison
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Directional Movement Index (DMI)Know Sure Thing (KST)McGinley Dynamic IndicatorSignal Generation 📊
Describes the methods by which the indicator produces trading signalsFor all*Directional Movement Index (DMI)Know Sure Thing (KST)Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Directional Movement Index (DMI)Know Sure Thing (KST)McGinley Dynamic Indicator
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorDirectional Movement Index (DMI)Know Sure Thing (KST)McGinley Dynamic Indicator- Technical AnalystsMcGinley Dynamic Indicator is designed for Technical Analysts. Provides comprehensive technical analysis tools, crucial for chart pattern recognition Click to see all.
- Trend FollowersMcGinley Dynamic Indicator is designed for Trend Followers. Identifies and confirms long-term market trends, suitable for trend-following strategies Click to see all.
Purpose 📈
The primary purpose or application of the trading indicatorDirectional Movement Index (DMI)Know Sure Thing (KST)McGinley Dynamic Indicator- Trend IdentificationMcGinley Dynamic Indicator is primarily used for Trend Identification. Tools that help traders recognize and confirm established market trends Click to see all.
- Support/ResistanceMcGinley Dynamic Indicator is primarily used for Support/Resistance. Indicators that highlight price levels where trends may stall or reverse Click to see all.
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorDirectional Movement Index (DMI)- Combines Multiple IndicatorsIndicators that integrate multiple data points for comprehensive analysis Click to see all.
- Measures Both Trend Direction And Strength
Know Sure Thing (KST)- Incorporates Multiple Timeframes
- Smooth Signals
McGinley Dynamic IndicatorCons 👎
Disadvantages or limitations of the trading indicatorDirectional Movement Index (DMI)- Can Produce False Signals In Choppy MarketsIndicators that minimize false signals in erratic or indecisive market conditions Click to see all.
- Requires Understanding Of Multiple ComponentsIndicates that some indicators involve several elements that need to be understood for effective use. Click to see all.
Know Sure Thing (KST)- Complex CalculationIndicators with straightforward calculations and easy-to-understand outputs for efficient analysis Click to see all.
- Less Widely KnownRefers to trading indicators that are not as popular or commonly used by traders. Click to see all.
McGinley Dynamic Indicator
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorDirectional Movement Index (DMI)Know Sure Thing (KST)McGinley Dynamic IndicatorEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isDirectional Movement Index (DMI)Know Sure Thing (KST)McGinley Dynamic IndicatorVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesDirectional Movement Index (DMI)Know Sure Thing (KST)McGinley Dynamic IndicatorCustomization Score 🔧
A score representing the degree of customization available for the trading indicatorDirectional Movement Index (DMI)- 7.5The customization score for Directional Movement Index (DMI) is 7.5 out of 10.
Know Sure Thing (KST)- 7.5The customization score for Know Sure Thing (KST) is 7.5 out of 10.
McGinley Dynamic Indicator- 6.5The customization score for McGinley Dynamic Indicator is 6.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsDirectional Movement Index (DMI)Know Sure Thing (KST)McGinley Dynamic Indicator
Alternatives to Directional Movement Index (DMI)
Elder-Ray Index
Known for Combining Trend And Momentum⭐ is rated higher overall than Know Sure Thing (KST)
Triple Exponential Average (TRIX)
Known for Filtering Out Market Noise💻 is easier to use than Know Sure Thing (KST)
Percentage Price Oscillator (PPO)
Known for Relative Strength Measurement💻 is easier to use than Know Sure Thing (KST)
🔀 is more versatile than Know Sure Thing (KST)
⭐ is rated higher overall than Know Sure Thing (KST)
Elder Triple Screen
Known for Trend-Momentum Alignment💯 is more reliable than Know Sure Thing (KST)
🔀 is more versatile than Know Sure Thing (KST)
🔧 is more customizable than Know Sure Thing (KST)
⭐ is rated higher overall than Know Sure Thing (KST)
Chande Momentum Oscillator (CMO)
Known for Momentum Measurement💻 is easier to use than Know Sure Thing (KST)
Klinger Oscillator
Known for Trend Reversals And Continuations🔧 is more customizable than Know Sure Thing (KST)
⭐ is rated higher overall than Know Sure Thing (KST)
Aroon Up And Down
Known for Identifying Potential Trend Changes💻 is easier to use than Know Sure Thing (KST)