Compact mode
Rate Of Change (ROC) vs Supertrend Indicator 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.Rate of Change (ROC)Supertrend IndicatorOn-Balance Volume (OBV)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.
- CryptocurrenciesIndicators tailored for the volatile and 24/7 nature of cryptocurrency trading.
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.
Supertrend IndicatorKnown for 💭
The unique selling point or distinguishing feature of the trading indicatorRate of Change (ROC)- Speed Of Price ChangesRate of Change (ROC) is known for Speed Of Price Changes.
Supertrend Indicator- Simplifying Trend FollowingSupertrend Indicator is known for Simplifying Trend Following.
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 indicatorRate of Change (ROC)Supertrend IndicatorOn-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 communityRate of Change (ROC)Supertrend IndicatorOn-Balance Volume (OBV)
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorRate of Change (ROC)- One of the oldest momentum indicators still in use today
Supertrend Indicator- Popular among algorithmic traders for its simplicity
On-Balance Volume (OBV)- Developed by Joe Granville
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorRate of Change (ROC)- Jokingly called the 'market speedometer' by some traders
Supertrend Indicator- So super it might need a cape and tights
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.Rate of Change (ROC)Supertrend Indicator- DailySupertrend Indicator is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders. Click to see all.
- WeeklySupertrend Indicator is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends. Click to see all.
On-Balance Volume (OBV)
Technical Details Comparison
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Rate of Change (ROC)Supertrend IndicatorOn-Balance Volume (OBV)Signal Generation 📊
Describes the methods by which the indicator produces trading signalsRate 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.
Supertrend IndicatorOn-Balance Volume (OBV)Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Supertrend Indicator
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorRate of Change (ROC)Supertrend Indicator- Trend FollowersSupertrend Indicator is designed for Trend Followers. Identifies and confirms long-term market trends, suitable for trend-following strategies Click to see all.
- Day TradersSupertrend Indicator is designed for Day Traders. Tools optimized for short-term intraday trading decisions Click to see all.
On-Balance Volume (OBV)Purpose 📈
The primary purpose or application of the trading indicatorRate of Change (ROC)Supertrend Indicator- Trend DirectionSupertrend Indicator is primarily used for Trend Direction. Indicators that help determine the overall direction of price movement in a market Click to see all.
- Stop Loss PlacementSupertrend Indicator is primarily used for Stop Loss Placement. Indicators that help determine optimal stop loss levels Click to see all.
On-Balance Volume (OBV)
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorRate 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
Supertrend Indicator- Easy To Interpret Buy/Sell Signals
- Adapts To Market VolatilityIndicators that adjust to changing market conditions and volatility levels Click to see all.
On-Balance Volume (OBV)- Simple To Calculate
- Confirms Price Trends
Cons 👎
Disadvantages or limitations of the trading indicatorRate 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.
Supertrend Indicator- Can Give False Signals In Choppy Markets
- Lag In Trend ReversalsIndicators that may be slow to signal trend reversals, potentially delaying important trading decisions. 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 indicatorRate of Change (ROC)Supertrend IndicatorOn-Balance Volume (OBV)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isRate of Change (ROC)Supertrend IndicatorOn-Balance Volume (OBV)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesRate of Change (ROC)Supertrend IndicatorOn-Balance Volume (OBV)Customization Score 🔧
A score representing the degree of customization available for the trading indicatorRate of Change (ROC)- 6.5The customization score for Rate of Change (ROC) is 6.5 out of 10.
Supertrend Indicator- 5.5The customization score for Supertrend Indicator is 5.5 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 metricsRate of Change (ROC)Supertrend IndicatorOn-Balance Volume (OBV)
Alternatives to Rate of Change (ROC)
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)
Elder-Ray Index
Known for Combining Trend And Momentum🔧 is more customizable than Rate of Change (ROC)
Relative Strength Index (RSI)
Known for Momentum Measurement💯 is more reliable 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)
Pivot Points
Known for Identifying Potential Reversal Points🔀 is more versatile than Rate of Change (ROC)
⭐ is rated higher overall than Rate of Change (ROC)
Triple Exponential Average (TRIX)
Known for Filtering Out Market Noise🔧 is more customizable than Rate of Change (ROC)