Compact mode
Hull Moving Average (HMA) vs Moving Average Envelope vs Ichimoku Cloud
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.
Hull Moving Average (HMA)- CommoditiesThe asset classes Hull Moving Average (HMA) is typically used for are Commodities. Trading indicators optimized for commodity markets like oil, gold, and agricultural products. 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.
Moving Average EnvelopeKnown 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.
Ichimoku Cloud- All-In-One IndicatorIchimoku Cloud is known for All-In-One Indicator.
Made In 🌍
The country or origin of the trading indicatorHull Moving Average (HMA)Moving Average EnvelopeIchimoku Cloud
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 EnvelopeIchimoku CloudComplexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorHull Moving Average (HMA)Moving Average EnvelopeIchimoku CloudPopularity 🏆
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
Ichimoku Cloud- Created by Japanese journalist Goichi Hosoda
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
Ichimoku Cloud- It's like a weather forecast for your trades - often wrong but never in doubt
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.
Ichimoku Cloud- DailyIchimoku Cloud is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders. Click to see all.
- WeeklyIchimoku Cloud 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 signalsFor all*Hull Moving Average (HMA)Ichimoku CloudCustomization 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 EnvelopeIchimoku CloudPurpose 📈
The primary purpose or application of the trading indicatorHull Moving Average (HMA)Moving Average EnvelopeIchimoku Cloud- Multiple Aspects Of MarketIchimoku Cloud is primarily used for Multiple Aspects Of Market.
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.
Ichimoku Cloud- Provides Multiple Signals
- Forward-LookingIndicators designed to anticipate future market movements 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
Ichimoku Cloud- Complex To Interpret
- Clutters Charts
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorHull Moving Average (HMA)Moving Average EnvelopeIchimoku CloudEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isHull Moving Average (HMA)Moving Average EnvelopeIchimoku CloudVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesHull Moving Average (HMA)Moving Average EnvelopeIchimoku CloudCustomization 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.
Ichimoku Cloud- 7.5The customization score for Ichimoku Cloud is 7.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsHull Moving Average (HMA)Moving Average EnvelopeIchimoku Cloud
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
Donchian Channels
Known for Simplicity And Effectiveness💯 is more reliable than Moving Average Envelope
⭐ is rated higher overall 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
Average Directional Index (ADX)
Known for Trend Strength Without Direction💯 is more reliable than Moving Average Envelope
🔀 is more versatile than Moving Average Envelope