Compact mode
Hull Moving Average (HMA) vs Moving Average Envelope vs Average Directional Index (ADX)
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.For all*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.
- CommoditiesTrading indicators optimized for commodity markets like oil, gold, and agricultural products.
Hull Moving Average (HMA)Known 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.
Moving Average Envelope- Price Range VisualizationMoving Average Envelope is known for Price Range Visualization.
Average Directional Index (ADX)- Trend Strength Without DirectionAverage Directional Index (ADX) is known for Trend Strength Without Direction.
Made In 🌍
The country or origin of the trading indicatorHull Moving Average (HMA)Moving Average EnvelopeAverage Directional Index (ADX)
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Hull Moving Average (HMA)Moving Average EnvelopeAverage Directional Index (ADX)Complexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorHull Moving Average (HMA)Moving Average EnvelopeAverage Directional Index (ADX)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
Moving Average Envelope- Envelopes typically use 2% above and below the moving average
Average Directional Index (ADX)- Part of the Directional Movement System
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorHull Moving Average (HMA)- Humorously called the 'moving average on steroids' by some traders
Moving Average Envelope- Often mistaken for Bollinger Bands by novice traders
Average Directional Index (ADX)- It's like a gym membership - tells you how strong the trend is but not where it's going
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.Hull Moving Average (HMA)Moving Average Envelope- DailyMoving Average Envelope is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders. Click to see all.
- WeeklyMoving Average Envelope is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends. Click to see all.
Average Directional Index (ADX)- DailyAverage Directional Index (ADX) is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders. Click to see all.
- WeeklyAverage Directional Index (ADX) is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends. Click to see 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 signalsHull Moving Average (HMA)- CrossoversHull Moving Average (HMA) generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes Click to see all.
- BreakoutsHull Moving Average (HMA) generates trading signals through Breakouts. Indicators that identify when price breaks key levels, signaling potential trends Click to see all.
Moving Average EnvelopeAverage Directional Index (ADX)Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Moving Average Envelope
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorHull Moving Average (HMA)Moving Average EnvelopeAverage Directional Index (ADX)Purpose 📈
The primary purpose or application of the trading indicatorHull Moving Average (HMA)Moving Average EnvelopeAverage Directional Index (ADX)
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.
Moving Average Envelope- Simple To Understand And Implement
- Helps Identify Overbought/Oversold ConditionsSignals when an asset may be overvalued or undervalued, helping traders spot potential reversals Click to see all.
Average Directional Index (ADX)- Effective For Identifying Strong Trends
- Non-DirectionalProvides market insights without predicting price direction, useful for various strategies 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.
Moving Average Envelope- Can Be Late In Signaling Trend ReversalsIndicators that excel in early trend reversal detection, minimizing delays in signaling changes Click to see all.
- Effectiveness Varies In Different Market Conditions
Average Directional Index (ADX)
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorHull Moving Average (HMA)Moving Average EnvelopeAverage Directional Index (ADX)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isHull Moving Average (HMA)Moving Average EnvelopeAverage Directional Index (ADX)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesHull Moving Average (HMA)Moving Average EnvelopeAverage Directional Index (ADX)Customization 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.
Moving Average Envelope- 7.5The customization score for Moving Average Envelope is 7.5 out of 10.
Average Directional Index (ADX)- 6.5The customization score for Average Directional Index (ADX) is 6.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsHull Moving Average (HMA)Moving Average EnvelopeAverage Directional Index (ADX)
Alternatives to Hull Moving Average (HMA)
Elder Triple Screen
Known for Trend-Momentum Alignment💯 is more reliable than Moving Average Envelope
🔀 is more versatile than Moving Average Envelope
🔧 is more customizable than Moving Average Envelope
⭐ is rated higher overall than Moving Average Envelope
Ichimoku Cloud
Known for All-In-One Indicator🔀 is more versatile than Moving Average Envelope
Keltner Channels
Known for Combining Moving Averages With Volatility🔀 is more versatile than Moving Average Envelope
🔧 is more customizable than Moving Average Envelope
Price Channel
Known for Range-Bound Trading💻 is easier to use than Moving Average Envelope
Simple Moving Average (SMA)
Known for Smooth Price Movements💯 is more reliable than Moving Average Envelope
💻 is easier to use than Moving Average Envelope
🔀 is more versatile than Moving Average Envelope
Exponential Moving Average (EMA)
Known for Smooth Price Movements💯 is more reliable than Moving Average Envelope
💻 is easier to use than Moving Average Envelope
🔀 is more versatile than Moving Average Envelope
⭐ is rated higher overall than Moving Average Envelope
Directional Movement Index (DMI)
Known for Strength Of Price Movement💯 is more reliable than Moving Average Envelope
🔀 is more versatile than Moving Average Envelope
Donchian Channels
Known for Simplicity And Effectiveness💯 is more reliable than Moving Average Envelope
⭐ is rated higher overall than Moving Average Envelope