Compact mode
Average True Range (ATR) vs Trend Magic
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Average True Range (ATR)Trend MagicAsset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedBoth*Average True Range (ATR)- StocksIndicators optimized for analyzing and predicting stock price movements in equity markets. Click to see all.
- CommoditiesTrading indicators optimized for commodity markets like oil, gold, and agricultural products. Click to see all.
Trend MagicKnown for 💭
The unique selling point or distinguishing feature of the trading indicatorAverage True Range (ATR)- Volatility Without Direction
Trend Magic- Simplifying Trend Analysis
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Average True Range (ATR)Trend MagicPopularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityAverage True Range (ATR)Trend Magic
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorAverage True Range (ATR)- Part of Welles Wilder's indicators
Trend Magic- Created by an anonymous trader and gained popularity in online forums
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorAverage True Range (ATR)- It's the drama meter of the market - higher values mean more excitement
Trend Magic- So magical it might turn your losses into rabbits
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.Both*
Technical Details Comparison
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Both*Signal Generation 📊
Describes the methods by which the indicator produces trading signalsAverage True Range (ATR)Trend MagicCustomization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorBoth*Trend Magic
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorAverage True Range (ATR)Trend MagicPurpose 📈
The primary purpose or application of the trading indicatorAverage True Range (ATR)Trend Magic
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorAverage True Range (ATR)- Useful For Position Sizing
- Helps Set Stop-Losses
Trend Magic
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorAverage True Range (ATR)Trend MagicEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isBoth*Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesAverage True Range (ATR)Trend MagicCustomization Score 🔧
A score representing the degree of customization available for the trading indicatorAverage True Range (ATR)- 6.5
Trend Magic- 5.5
Score ⭐
The overall score of the trading indicator based on various performance metricsAverage True Range (ATR)Trend Magic
Alternatives to Average True Range (ATR)
Supertrend Indicator
Known for Simplifying Trend Following💯 is more reliable than Trend Magic
💻 is easier to use than Trend Magic
🔀 is more versatile than Trend Magic
⭐ is rated higher overall than Trend Magic
Psychological Line
Known for Extreme Sentiment Detection🔀 is more versatile than Trend Magic
Awesome Oscillator (AO)
Known for Simplicity And Effectiveness💯 is more reliable than Trend Magic
🔀 is more versatile than Trend Magic
🔧 is more customizable than Trend Magic
⭐ is rated higher overall than Trend Magic
Alligator Indicator
Known for Identifying Market Sleep And Awakening💯 is more reliable than Trend Magic
🔀 is more versatile than Trend Magic
🔧 is more customizable than Trend Magic
⭐ is rated higher overall than Trend Magic
Exponential Moving Average (EMA)
Known for Smooth Price Movements💯 is more reliable than Trend Magic
💻 is easier to use than Trend Magic
🔀 is more versatile than Trend Magic
🔧 is more customizable than Trend Magic
⭐ is rated higher overall than Trend Magic
Linear Regression Indicator
Known for Predicting Price Trends💯 is more reliable than Trend Magic
🔀 is more versatile than Trend Magic
🔧 is more customizable than Trend Magic
⭐ is rated higher overall than Trend Magic
Dynamic Momentum Index
Known for Adapting To Market Volatility💯 is more reliable than Trend Magic
🔀 is more versatile than Trend Magic
🔧 is more customizable than Trend Magic
⭐ is rated higher overall than Trend Magic
Detrended Price Oscillator (DPO)
Known for Eliminating Long-Term Trends🔀 is more versatile than Trend Magic
🔧 is more customizable than Trend Magic
⭐ is rated higher overall than Trend Magic
Ichimoku Cloud
Known for All-In-One Indicator💯 is more reliable than Trend Magic
🔀 is more versatile than Trend Magic
🔧 is more customizable than Trend Magic
⭐ is rated higher overall than Trend Magic
Relative Vigor Index (RVI)
Known for Trend Confirmation🔀 is more versatile than Trend Magic
🔧 is more customizable than Trend Magic
⭐ is rated higher overall than Trend Magic