Compact mode
Pivot Points vs Rate Of Change (ROC) vs On-Balance Volume (OBV)
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Pivot PointsRate of Change (ROC)On-Balance Volume (OBV)Asset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedFor all*Pivot Points- ForexThe asset classes Pivot Points is typically used for are Forex. Indicators optimized for currency pair trading in the foreign exchange market. Click to see all.
- CommoditiesThe asset classes Pivot Points is typically used for are Commodities. Trading indicators optimized for commodity markets like oil, gold, and agricultural products. Click to see all.
- FuturesThe asset classes Pivot Points is typically used for are Futures. Indicators designed for trading futures contracts across various asset classes. Click to see all.
Rate of Change (ROC)- ForexThe asset classes Rate of Change (ROC) is typically used for are Forex. Indicators optimized for currency pair trading in the foreign exchange market. Click to see all.
- CommoditiesThe asset classes Rate of Change (ROC) 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 Rate of Change (ROC) is typically used for are Cryptocurrencies. Indicators tailored for the volatile and 24/7 nature of cryptocurrency trading. Click to see all.
On-Balance Volume (OBV)Known for 💭
The unique selling point or distinguishing feature of the trading indicatorPivot Points- Identifying Potential Reversal PointsPivot Points is known for Identifying Potential Reversal Points.
Rate of Change (ROC)- Speed Of Price ChangesRate of Change (ROC) is known for Speed Of Price Changes.
On-Balance Volume (OBV)- Volume Precedes Price MovementOn-Balance Volume (OBV) is known for Volume Precedes Price Movement.
Made In 🌍
The country or origin of the trading indicatorPivot PointsRate of Change (ROC)On-Balance Volume (OBV)
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.For all*Complexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorFor all*Popularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityPivot PointsRate of Change (ROC)On-Balance Volume (OBV)
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorPivot Points- Originally used by floor traders in equity and commodity exchanges
Rate of Change (ROC)- One of the oldest momentum indicators still in use today
On-Balance Volume (OBV)- Developed by Joe Granville
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorPivot Points- Often jokingly referred to as the 'lazy trader's crystal ball'
Rate of Change (ROC)- Jokingly called the 'market speedometer' by some traders
On-Balance Volume (OBV)- It's the gossip column of indicators - always trying to predict the next big move
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.Pivot Points- DailyPivot Points is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders. Click to see all.
- WeeklyPivot Points is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends. Click to see all.
- MonthlyPivot Points is most effective for Monthly timeframes. Indicators for long-term trend analysis on monthly charts, suited for position traders. Click to see all.
Rate of Change (ROC)On-Balance Volume (OBV)
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 signalsPivot PointsRate of Change (ROC)- CrossoversRate of Change (ROC) generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes Click to see all.
- DivergencesRate of Change (ROC) generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals Click to see all.
On-Balance Volume (OBV)Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorPivot Points- TimeframePivot Points offers customization options for Timeframe. Adjustable timeframe for versatile analysis Click to see all.
- Calculation MethodPivot Points offers customization options for Calculation Method. Refers to indicators that offer different methods for computing their values. Click to see all.
Rate of Change (ROC)On-Balance Volume (OBV)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorPivot Points- Day TradersPivot Points is designed for Day Traders. Tools optimized for short-term intraday trading decisions Click to see all.
- Swing TradersPivot Points is designed for Swing Traders. Identifies medium-term trends and potential reversal points, ideal for multi-day positions Click to see all.
Rate of Change (ROC)On-Balance Volume (OBV)Purpose 📈
The primary purpose or application of the trading indicatorPivot PointsRate of Change (ROC)On-Balance Volume (OBV)
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorPivot Points- Easy To CalculateIndicators with straightforward calculation methods for easy implementation Click to see all.
- Widely Used Across Different Markets
Rate of Change (ROC)- Simple To Understand And UseOffers straightforward analysis, making it accessible for traders of all levels Click to see all.
- Effective For Identifying Overbought/Oversold Conditions
On-Balance Volume (OBV)- Simple To Calculate
- Confirms Price Trends
Cons 👎
Disadvantages or limitations of the trading indicatorPivot Points- Effectiveness Can Vary In Trending MarketsIndicators that may lose effectiveness in strong trends, requiring caution in such market conditions. Click to see all.
- Multiple Calculation Methods Can Lead To Confusion
Rate of Change (ROC)- Can Produce False Signals In Ranging Markets
- Sensitive To Sudden Price ChangesRefers to indicators that may produce unreliable signals during rapid market movements. Click to see all.
On-Balance Volume (OBV)- Can Be Affected By Large Block Trades
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorPivot PointsRate of Change (ROC)On-Balance Volume (OBV)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isPivot PointsRate of Change (ROC)On-Balance Volume (OBV)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesPivot PointsRate of Change (ROC)On-Balance Volume (OBV)Customization Score 🔧
A score representing the degree of customization available for the trading indicatorPivot Points- 6.5The customization score for Pivot Points is 6.5 out of 10.
Rate of Change (ROC)- 6.5The customization score for Rate of Change (ROC) is 6.5 out of 10.
On-Balance Volume (OBV)- 5.5The customization score for On-Balance Volume (OBV) is 5.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsPivot PointsRate of Change (ROC)On-Balance Volume (OBV)
Alternatives to Pivot Points
Hull Moving Average (HMA)
Known for Reducing Lag In Moving Averages💯 is more reliable than Rate of Change (ROC)
🔧 is more customizable than Rate of Change (ROC)
Relative Strength Index (RSI)
Known for Momentum Measurement💯 is more reliable than Rate of Change (ROC)
Elder-Ray Index
Known for Combining Trend And Momentum🔧 is more customizable than Rate of Change (ROC)
Stochastic RSI
Known for Combining Strengths Of Two Popular Indicators💯 is more reliable than Rate of Change (ROC)
🔀 is more versatile than Rate of Change (ROC)
🔧 is more customizable than Rate of Change (ROC)
Triple Exponential Average (TRIX)
Known for Filtering Out Market Noise🔧 is more customizable than Rate of Change (ROC)