Compact mode
Relative Strength Index (RSI) vs Stochastic RSI vs Average True Range (ATR)
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Relative Strength Index (RSI)Stochastic RSIAverage True Range (ATR)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.
Stochastic RSIKnown for 💭
The unique selling point or distinguishing feature of the trading indicatorRelative Strength Index (RSI)- Momentum MeasurementRelative Strength Index (RSI) is known for Momentum Measurement.
Stochastic RSI- Combining Strengths Of Two Popular IndicatorsStochastic RSI is known for Combining Strengths Of Two Popular Indicators.
Average True Range (ATR)- Volatility Without DirectionAverage True Range (ATR) is known for Volatility Without Direction.
Made In 🌍
The country or origin of the trading indicatorRelative Strength Index (RSI)Stochastic RSIAverage True Range (ATR)
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Relative Strength Index (RSI)Stochastic RSIAverage True Range (ATR)Complexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorRelative Strength Index (RSI)Stochastic RSIAverage True Range (ATR)Popularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityRelative Strength Index (RSI)Stochastic RSIAverage True Range (ATR)
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorRelative Strength Index (RSI)- Created by J. Welles Wilder
Stochastic RSI- Combines two of the most popular indicators: Stochastic and RSI
Average True Range (ATR)- Part of Welles Wilder's indicators
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorRelative Strength Index (RSI)- The only thing relative about it is how relatively often it's misused
Stochastic RSI- Sarcastically referred to as the 'indicator inception' due to its nested nature
Average True Range (ATR)- It's the drama meter of the market - higher values mean more excitement
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.Relative Strength Index (RSI)- 1-HourRelative Strength Index (RSI) is most effective for 1-Hour timeframes. Indicators optimized for analyzing market data on a 1-hour timeframe Click to see all.
- 4-HourRelative Strength Index (RSI) is most effective for 4-Hour timeframes. Indicators designed for analyzing market data on a 4-hour timeframe Click to see all.
- DailyRelative Strength Index (RSI) is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders. Click to see all.
Stochastic RSIAverage True Range (ATR)- DailyAverage True Range (ATR) is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders. Click to see all.
- WeeklyAverage True Range (ATR) 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.Relative Strength Index (RSI)Stochastic RSIAverage True Range (ATR)Signal Generation 📊
Describes the methods by which the indicator produces trading signalsFor all*Relative Strength Index (RSI)Stochastic RSICustomization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorRelative Strength Index (RSI)- PeriodRelative Strength Index (RSI) offers customization options for Period. Enables customization of analysis timeframe Click to see all.
- ThresholdsRelative Strength Index (RSI) offers customization options for Thresholds. Customizable thresholds for signal generation Click to see all.
Stochastic RSI- RSI PeriodStochastic RSI offers customization options for RSI Period. Allows customization of Relative Strength Index calculation period Click to see all.
- Stochastic PeriodStochastic RSI offers customization options for Stochastic Period. Adjustable period for stochastic calculations Click to see all.
Average True Range (ATR)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorRelative Strength Index (RSI)Stochastic RSIAverage True Range (ATR)Purpose 📈
The primary purpose or application of the trading indicatorRelative Strength Index (RSI)Stochastic RSIAverage True Range (ATR)
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorRelative Strength Index (RSI)- Easy To Interpret
- Effective For Identifying Reversals
Stochastic RSI- Highly Sensitive To Price Changes
- Effective For Short-Term Trading
Average True Range (ATR)- Useful For Position Sizing
- Helps Set Stop-Losses
Cons 👎
Disadvantages or limitations of the trading indicatorRelative Strength Index (RSI)- Can Remain In Overbought/Oversold Conditions During Strong Trends
Stochastic RSI- Can Produce Frequent Signals
- Prone To Whipsaws In Volatile Markets
Average True Range (ATR)
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorRelative Strength Index (RSI)Stochastic RSIAverage True Range (ATR)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isRelative Strength Index (RSI)Stochastic RSIAverage True Range (ATR)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesRelative Strength Index (RSI)Stochastic RSIAverage True Range (ATR)Customization Score 🔧
A score representing the degree of customization available for the trading indicatorRelative Strength Index (RSI)- 6.5The customization score for Relative Strength Index (RSI) is 6.5 out of 10.
Stochastic RSI- 8The customization score for Stochastic RSI is 8 out of 10.
Average True Range (ATR)- 6.5The customization score for Average True Range (ATR) is 6.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsRelative Strength Index (RSI)Stochastic RSIAverage True Range (ATR)
Alternatives to Relative Strength Index (RSI)
Chande Momentum Oscillator (CMO)
Known for Momentum Measurement🔧 is more customizable than Relative Strength Index (RSI)
Rate Of Change (ROC)
Known for Speed Of Price Changes🔀 is more versatile than Relative Strength Index (RSI)
Stochastic Oscillator
Known for Momentum And Trend Reversal🔧 is more customizable than Relative Strength Index (RSI)
Elder-Ray Index
Known for Combining Trend And Momentum🔀 is more versatile than Relative Strength Index (RSI)
🔧 is more customizable than Relative Strength Index (RSI)
Exponential Moving Average (EMA)
Known for Smooth Price Movements💯 is more reliable than Relative Strength Index (RSI)
🔧 is more customizable than Relative Strength Index (RSI)
⭐ is rated higher overall than Relative Strength Index (RSI)
Woodies CCI
Known for Modification Of Traditional CCI🔧 is more customizable than Relative Strength Index (RSI)
Money Flow Index (MFI)
Known for Volume And Price Movements🔧 is more customizable than Relative Strength Index (RSI)