Compact mode
Moving Average Convergence Divergence (MACD) vs Choppiness Index vs Chande Momentum Oscillator (CMO)
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Moving Average Convergence Divergence (MACD)Choppiness IndexChande Momentum Oscillator (CMO)Asset 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.
Moving Average Convergence Divergence (MACD)Choppiness IndexChande Momentum Oscillator (CMO)Known for 💭
The unique selling point or distinguishing feature of the trading indicatorMoving Average Convergence Divergence (MACD)- Trend Strength And DirectionMoving Average Convergence Divergence (MACD) is known for Trend Strength And Direction.
Choppiness Index- Identifying Trending Vs Choppy MarketsChoppiness Index is known for Identifying Trending Vs Choppy Markets.
Chande Momentum Oscillator (CMO)- Momentum MeasurementChande Momentum Oscillator (CMO) is known for Momentum Measurement.
Made In 🌍
The country or origin of the trading indicatorMoving Average Convergence Divergence (MACD)Choppiness IndexChande Momentum Oscillator (CMO)
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Moving Average Convergence Divergence (MACD)Choppiness Index- LaggingChoppiness Index is a Lagging indicator. Indicators that confirm trends after they have started Click to see all.
- LeadingChoppiness Index is a Leading indicator. Indicators that predict future price movements Click to see all.
Chande Momentum Oscillator (CMO)Complexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorMoving Average Convergence Divergence (MACD)Choppiness IndexChande Momentum Oscillator (CMO)Popularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityMoving Average Convergence Divergence (MACD)Choppiness IndexChande Momentum Oscillator (CMO)
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorMoving Average Convergence Divergence (MACD)- Developed by Gerald Appel
Choppiness Index- Ranges from 0 to 100
Chande Momentum Oscillator (CMO)- Developed by Tushar Chande in 1994
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorMoving Average Convergence Divergence (MACD)- Even your grandma knows this one but still can't use it properly
Choppiness Index- It's like a weather forecast for market conditions
Chande Momentum Oscillator (CMO)- It's the yoga of momentum indicators - flexible but disciplined
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.Moving Average Convergence Divergence (MACD)Choppiness IndexChande Momentum Oscillator (CMO)Signal Generation 📊
Describes the methods by which the indicator produces trading signalsMoving Average Convergence Divergence (MACD)- CrossoversMoving Average Convergence Divergence (MACD) generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes Click to see all.
- DivergencesMoving Average Convergence Divergence (MACD) generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals Click to see all.
Choppiness IndexChande Momentum Oscillator (CMO)- ThresholdsChande Momentum Oscillator (CMO) generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met Click to see all.
- DivergencesChande Momentum Oscillator (CMO) 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*Moving Average Convergence Divergence (MACD)Choppiness IndexChande Momentum Oscillator (CMO)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorMoving Average Convergence Divergence (MACD)Choppiness Index- Advanced TradersChoppiness Index is designed for Advanced Traders. Sophisticated tools for experienced traders to analyze complex market patterns Click to see all.
- Trend TradersChoppiness Index is designed for Trend Traders. Highlights direction and strength of market trends, crucial for trend-based strategies Click to see all.
- Volatility TradersChoppiness Index is designed for Volatility Traders. Measures and predicts market volatility, essential for volatility-based strategies Click to see all.
Chande Momentum Oscillator (CMO)Purpose 📈
The primary purpose or application of the trading indicatorMoving Average Convergence Divergence (MACD)Choppiness Index- Market Condition AnalysisChoppiness Index is primarily used for Market Condition Analysis. Indicators that assess overall market state and behavior Click to see all.
- Trend Strength AnalysisChoppiness Index is primarily used for Trend Strength Analysis.
- Range-Bound Markets IdentificationChoppiness Index is primarily used for Range-Bound Markets Identification. Indicators that detect sideways price movements Click to see all.
Chande Momentum Oscillator (CMO)
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorMoving Average Convergence Divergence (MACD)- Effective For Trend Identification
- Useful In Ranging Markets
Choppiness Index- Helps Determine Market ConditionsIndicators assisting in identifying current market states and environments Click to see all.
- Useful For Strategy Selection
- Identifies Trending Vs Choppy MarketsHelps differentiate between directional and range-bound markets, aiding strategy selection Click to see all.
- Helps In Strategy Selection
- Applicable To Multiple Markets
Chande Momentum Oscillator (CMO)- Less Prone To WhipsawsMinimizes false signals in volatile markets, improving trade accuracy Click to see all.
- Effective In Trending Markets
Cons 👎
Disadvantages or limitations of the trading indicatorMoving Average Convergence Divergence (MACD)- Can Produce False Signals In Choppy MarketsIndicators that minimize false signals in erratic or indecisive market conditions Click to see all.
- Lagging IndicatorIndicators that follow price action, potentially delaying trading signals in fast-moving markets. Click to see all.
Choppiness Index- Complex CalculationIndicators with straightforward calculations and easy-to-understand outputs for efficient analysis Click to see all.
- Requires Understanding Of Market Dynamics
- Less KnownIndicators not widely recognized, potentially offering unique insights but with limited community support. Click to see all.
- Requires Combination With Other IndicatorsIndicates that some indicators work best when used in conjunction with other technical tools. Click to see all.
- Can Be Lagging In Fast MarketsIndicators designed to provide early signals in rapidly changing market conditions. Click to see all.
Chande Momentum Oscillator (CMO)
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorMoving Average Convergence Divergence (MACD)Choppiness IndexChande Momentum Oscillator (CMO)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isMoving Average Convergence Divergence (MACD)Choppiness IndexChande Momentum Oscillator (CMO)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesMoving Average Convergence Divergence (MACD)Choppiness IndexChande Momentum Oscillator (CMO)Customization Score 🔧
A score representing the degree of customization available for the trading indicatorFor all*Score ⭐
The overall score of the trading indicator based on various performance metricsMoving Average Convergence Divergence (MACD)Choppiness IndexChande Momentum Oscillator (CMO)
Alternatives to Moving Average Convergence Divergence (MACD)
Slow Stochastic
Known for Momentum Measurement💯 is more reliable than Moving Average Convergence Divergence (MACD)
Directional Movement Index (DMI)
Known for Strength Of Price Movement💯 is more reliable than Moving Average Convergence Divergence (MACD)
🔧 is more customizable than Moving Average Convergence Divergence (MACD)
Exponential Moving Average (EMA)
Known for Smooth Price Movements💯 is more reliable than Moving Average Convergence Divergence (MACD)
💻 is easier to use than Moving Average Convergence Divergence (MACD)
⭐ is rated higher overall than Moving Average Convergence Divergence (MACD)
Keltner Channels
Known for Combining Moving Averages With Volatility💯 is more reliable than Moving Average Convergence Divergence (MACD)
🔧 is more customizable than Moving Average Convergence Divergence (MACD)
Percentage Price Oscillator (PPO)
Known for Relative Strength Measurement🔧 is more customizable than Moving Average Convergence Divergence (MACD)
Simple Moving Average (SMA)
Known for Smooth Price Movements💯 is more reliable than Moving Average Convergence Divergence (MACD)
💻 is easier to use than Moving Average Convergence Divergence (MACD)